#USA #New York #Class Action #Pomerantz LLP #Sina Corporation

Pomerantz Law Firm Initiates Class Action Against Sina Corporation

On October 23, 2025, Pomerantz LLP revealed that it has filed a class action lawsuit against Sina Corporation (formerly NASDAQ: SINA) and certain executive officers. This lawsuit is geared towards investors who sold ordinary shares of Sina between October 13, 2020, and March 22, 2021. This period has been identified as the Class Period, and it's pivotal for those who engaged in stock transactions during this timeframe.

The call to action is clear: if you sold Sina shares during the specified Class Period, you are urged to get in touch with Danielle Peyton at Pomerantz for further details, including potential eligibility to join the class action as a Lead Plaintiff. This lawsuit focuses on whether Sina and its leaders participated in fraudulent activities that misled shareholders regarding the company's value, particularly in relation to a significant merger initiated by a group led by Sina’s CEO.

Allegations of Securities Fraud

The core issue at hand involves allegations of securities fraud related to a fraudulent scheme purportedly enacted by the Defendants. The lawsuit claims that these actions were aimed at suppressing the value of Sina ordinary shares to avoid paying fair compensation to shareholders in line with the company's take-private acquisition. The proposed offer set at $43.30 per share during the merger is under fire, with allegations suggesting that this amount grossly undervalued Sina's actual worth.

Misleading Information and Omission

The lawsuit indicates that the implicated Defendants failed to disclose crucial information necessary for shareholders to make informed decisions regarding the merger. Specifically, it has been alleged that there were material omissions regarding the true value of Sina's investments, particularly in TuSimple Holdings, Inc. This omission was purportedly intended to influence shareholders’ votes in favor of the merger by presenting a skewed valuation of the shares.

Important Dates and Contact Information

For those looking to take part in the class action, the deadline to petition the court for the Lead Plaintiff position is November 18, 2025. Interested investors can obtain a copy of the formal Complaint by visiting the Pomerantz website. Given the seriousness of these allegations, it is recommended that affected parties act swiftly to ascertain their rights as shareholders.

About Pomerantz LLP

Pomerantz LLP stands as a highly regarded law firm specializing in corporate, securities, and antitrust class litigation. Established by Abraham L. Pomerantz, widely recognized as a foundational figure in class action law, the firm has been actively pursuing justice for victims of corporate malpractice for over 85 years. Pomerantz has successfully achieved sizable settlements for class members in various cases involving securities fraud and breaches of fiduciary duties. Their commitment to protecting shareholder rights remains a cornerstone of their mission, ensuring that victims of corporate wrongdoing have a voice.

For more information, you can reach Danielle Peyton at Pomerantz LLP via email at [email protected] or by calling 646-581-9980. Alternatively, you may also contact the firm toll-free at 888.4-POMLAW, Ext. 7980 to discuss your potential involvement in the ongoing class action lawsuit.