INVESTOR ALERT: Pomerantz Law Firm Reminds Investors in Sina Corporation of Class Action Lawsuit and Upcoming Deadlines - SINA

Core Viewpoint - A securities fraud class action lawsuit has been filed against Sina Corporation and certain executive officers, alleging that they engaged in fraudulent practices to depress the value of Sina's ordinary shares during a take-private acquisition [1][2][3]. Group 1: Lawsuit Details - The class action is on behalf of investors who sold Sina ordinary shares between October 13, 2020, and March 22, 2021, known as the Class Period [1][2]. - Investors have until November 18, 2025, to request to be appointed as Lead Plaintiff for the class [2]. Group 2: Allegations Against Defendants - The lawsuit claims that the defendants misrepresented and omitted material information in Sina's proxy materials related to the Merger, which was necessary for shareholders to make informed decisions [3]. - Specific allegations include the concealment of the true value of Sina's investment in TuSimple Holdings, Inc., and that the offered price of $43.30 per ordinary share significantly undervalued Sina's shares [3].