TOP Financial (US:TOP) Globenewswire·2025-10-09 19:33Core Viewpoint - Rosen Law Firm is reminding sellers of ordinary shares of Sina Corporation about the upcoming lead plaintiff deadline for a class action lawsuit related to the Merger that occurred between October 13, 2020, and March 22, 2021 [1][2] Group 1: Class Action Details - Sellers of Sina ordinary shares during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by November 18, 2025 [3] - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6] Group 2: Law Firm 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 was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in litigation [4] Group 3: Allegations in the Lawsuit - The lawsuit alleges that defendants created a fraudulent scheme to depress the value of Sina ordinary shares to avoid paying a fair price during the Merger [5] - Key misrepresentations included concealing the true value of Sina's investment in TuSimple and failing to disclose that the offered price of $43.30 per share significantly undervalued the shares [5] - The defendants' statements regarding Sina's business and prospects were claimed to be materially false and misleading [5]