SINA INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces That Sina Corporation Investors With Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Bronstein, Gewirtz & Grossman LLC is pursuing a class action lawsuit against Sina Corporation for alleged securities law violations.Summary
Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Sina Corporation (NASDAQ: SINA) and its officers. The lawsuit concerns alleged false and misleading statements made between October 13, 2020, and March 22, 2021, regarding the value of Sina’s investment in TuSimple and the merger price. The complaint alleges that the merger price of $43.30 per share was significantly lower than the company’s true value, leading to investor damages when the truth about Sina became known. Investors who experienced losses during the specified Class Period are encouraged to join the case and have until November 18, 2025, to request appointment as lead plaintiff. The firm represents investors on a contingency fee basis, meaning costs are only recovered if the case is successful.
(Source：NewMediaWire)