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IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Weibo Corporation and Reminds Investors with Losses to Contact the Firm
Wednesday, July 19, 2017 6:48 PM
LOS ANGELES, CA / ACCESSWIRE / July 19, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Weibo Corporation (''Weibo'' or the ''Company'') (NASDAQ: WB) for possible violations of federal securities laws between April 27, 2017 and June 22, 2017, inclusive (the ''Class Period''). Investors who purchased or otherwise acquired Weibo shares during the Class Period should contact the firm prior to the August 28,
2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at [email protected].
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may choose to do nothing and be an absent class member as well.
According to the Complaint, during the Class Period, Weibo made false and/or misleading statements and/or failed to disclose: that the Company lacks a required internet audio/video program transmission license; that Weibo was posting some commentary programs with content in violation of Chinese government regulations on its site; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times. When this news reached the public, shares of Weibo fell in value materially, which caused investors harm according to the Complaint.
Lundin Law PC was established by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethics rules.
Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC