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CLASS ACTION REMINDER: Berger Montague Advises Sina Corporation Investors to Inquire About a Securities Fraud Lawsuit by November 18, 2025
Prnewswireยท2025-10-30 19:30

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 its go-private merger, 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, and claims that important facts were omitted from the proxy materials that shareholders relied on for voting decisions [1][2]. - The complaint specifically alleges 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][3]. - Internal documents revealed during a related shareholder appraisal proceeding indicated that senior executives intentionally hid the investment's value, misleading shareholders and resulting in them receiving less than fair value for their shares [5][3]. Group 2: Investor Information - Investors who sold SINA securities during the class period have until November 18, 2025, to seek appointment as a lead plaintiff representative of the class [2].