ROSEN, LEADING INVESTOR RIGHTS COUNSEL, Encourages Sina Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action - SINA

Core Viewpoint - Rosen Law Firm is reminding sellers of ordinary shares of Sina Corporation about the upcoming lead plaintiff deadline in a securities class action 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]. - 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]. Group 2: Allegations Against Defendants - The defendants are accused of misrepresenting and omitting material information in Sina's proxy materials, which were necessary for shareholders to make informed decisions regarding the Merger [5]. - Specific allegations include the concealment of the true value of Sina's investment in TuSimple and that the offered price of $43.30 per ordinary share significantly undervalued Sina's shares [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].