#USA #New York #Securities Fraud #Rosen Law Firm #Sina Corporation

Sina Corporation Investors Urged to Join Securities Fraud Class Action Lawsuit

Opportunity for Sina Investors to Seek Justice

The Rosen Law Firm, a renowned global leader in investor rights, is reaching out to individuals who sold ordinary shares of Sina Corporation (NASDAQ: SINA) between October 13, 2020, and March 22, 2021, a period that is crucial for a significant class action lawsuit. This lawsuit is in connection with alleged fraudulent activities and represents an opportunity for affected investors to recover losses without initial out-of-pocket expenses through a contingency fee approach.

What You Should Know

If you were part of the merger involving Sina Corporation during this mentioned timeframe, it’s essential to understand that you might be entitled to compensation. The Rosen Law Firm is spearheading this class action, and a pressing date on the horizon is November 18, 2025. This is the deadline to apply as a lead plaintiff—a representative role that involves directing the litigation process on behalf of fellow class members.

Next Steps

To participate in the class action lawsuit, either visit Rosen Legal or reach out directly to Phillip Kim, Esq. at 866-767-3653. You can also obtain more information by emailing [email protected]. It is important to act swiftly since a lawsuit has already been filed against the involved parties. If you wish to take on the role of lead plaintiff, you must file your motion with the Court by the stipulated deadline.

Background of the Case

This class action centers on allegations that defendants orchestrated a deceptive scheme specifically designed to reduce the value of Sina's ordinary shares. This plan was executed to avoid paying a fair price to shareholders concerning the merger. Essential details connected to this scheme were disclosed in Sina's proxy materials, which are crucial for informed shareholder decisions on voting in favor of the merger.

From the legal perspective, the claims revolve around:
1. Concealment of Value: The lawsuit asserts that the true worth of Sina's investment in TuSimple at the time of the merger was intentionally hidden, misleading shareholders regarding the actual valuation of their shares.
2. Underrepresentation of Offer Value: At the time of the merger, the compensation rate of $43.30 per ordinary share was grossly inadequate, not reflecting the actual worth of Sina's ordinary shares.
3. False Representations: The statements made by the defendants regarding Sina's business, operations, and expected future growth were found to be materially false or misleading over the relevant period.

Choosing the Right Legal Counsel

Rosen Law Firm strongly advocates for investors to select attorneys with proven success in leading roles in securities class actions. Many firms may issue notices but lack the essential experience, resources, or peer recognition necessary for effective legal representation. It is important to choose a firm that actively litigates cases rather than serving as mere intermediaries.

Rosen Law Firm has a significant historical performance in securities class actions, including achieving the largest settlement ever against a Chinese corporation at that time. They ranked first in securities class action settlements by ISS Securities Class Action Services in 2017, maintaining high rankings over the years and securing hundreds of millions for their clients.

Final Thoughts

As you consider joining this class action, remember that until the class is officially certified, you may not have legal representation unless you choose counsel independently. You have the option to either select your legal representation, remain an absent member of the class, or wait for further developments.

Stay updated on the latest information by following Rosen Law Firm on their social media platforms:

For any inquiries concerning this case, contact:

- Laurence Rosen, Esq.
- Phillip Kim, Esq.
- The Rosen Law Firm, P.A.
- 275 Madison Avenue, 40th Floor, New York, NY 10016
- Phone: (212) 686-1060, Toll-Free: (866) 767-3653, Fax: (212) 202-3827, Email: [email protected]

This could be a critical moment for many investors; act now to protect your rights and consider joining the Sina Corporation securities fraud class action lawsuit.