SINA Investors Have Opportunity to Lead Sina Corporation Securities Fraud Lawsuit

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of sellers of ordinary shares of Sina Corporation, specifically those who sold shares during the merger period from October 13, 2020, to March 22, 2021, alleging a fraudulent scheme to depress share value [1][5]. Group 1: Lawsuit Details - The lawsuit claims that defendants misrepresented and omitted material information in Sina's proxy materials related to the merger, which misled shareholders [5]. - It is alleged that the true value of Sina's investment in TuSimple was concealed, leading to an undervaluation of the offer of $43.30 per ordinary share during the merger [5]. - The lawsuit asserts that when the true details became public, investors suffered damages due to the misleading statements about Sina's business and prospects [5]. Group 2: Participation Information - Sellers of Sina ordinary shares during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Interested parties can join the class action by visiting the provided link or contacting Phillip Kim, Esq. for more information [3][6]. - A lead plaintiff must file a motion with the court by November 18, 2025, to represent other class members in the litigation [1][3]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm has consistently ranked in the top 4 for securities class action settlements since 2013 and has recovered hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing shareholder interests [4].