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LOS ANGELES, Aug. 23, 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 from April 27, 2017 through June 22, 2017, inclusive (the “Class Period”). Investors who purchased or otherwise acquired Weibo shares during the Class Period should contact the firm before August 28, 2017, the 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, and until a class is certified, you are not considered to be represented by an attorney. You may choose to do nothing and be an absent class member as well.
The lawsuit alleges that during the Class Period, Weibo made false and/or misleading statements and/or failed to disclose: that the Company lacks a requisite internet audio/video program transmission license; that Weibo posted 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, Weibo’s stock price decreased materially, which caused investors harm according to the Complaint.
Lundin Law PC was created by Brian Lundin, Esq., a securities litigator in Los Angeles dedicated to upholding shareholders’ rights.
This press release may constitute Attorney Advertising in certain jurisdictions under the applicable law and rules of ethics.
Contact: Lundin Law PC Brian Lundin, Esq. Telephone: 888-713-1033 Facsimile: 888-713-1125 [email protected] http://lundinlawpc.com/
