Berger Montague PC Investigates Securities Claims Against Sina Corporation (OTHER: SINA)

Core Viewpoint - A class action lawsuit has been filed against Sina Corporation, alleging that the company engaged in a scheme to depress the value of its shares during a go-private transaction, resulting in shareholders receiving an unfair price for their shares [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who sold Sina shares between October 13, 2020, and March 22, 2021, including those who sold during the go-private merger [1][2]. - The complaint claims that important facts were omitted from the proxy materials that shareholders relied on for voting decisions [3]. - It is alleged that the true value of Sina's investment in TuSimple, a U.S.-based autonomous trucking company, was concealed, leading to a cash offer that significantly undervalued shareholders' shares [4]. Group 2: Internal Evidence - Discovery in a related shareholder appraisal proceeding revealed internal documents indicating that senior executives deliberately hid the value of the investment, misleading shareholders [5]. Group 3: Investor Information - Investors who sold SINA securities during the class period have until November 18, 2025, to seek appointment as lead plaintiff representatives [2]. - For more information regarding the lawsuit, investors can contact Berger Montague [6][8]. Group 4: About the Law Firm - Berger Montague has been a pioneer in securities class action litigation since 1970 and has represented individual and institutional investors for over five decades [7].