CS Disco(US:LAW) Newsfile·2025-11-07 01:19Core Viewpoint - Rosen Law Firm is encouraging investors of Sina Corporation who sold ordinary shares during the merger period to secure legal counsel before the lead plaintiff deadline of November 18, 2025, in a securities class action lawsuit [2][4]. Group 1: Class Action Details - Investors who sold Sina ordinary shares between October 13, 2020, and March 22, 2021, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [3]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by November 18, 2025 [4]. - 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 [6]. 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 [6]. - Specific allegations include the concealment of the true value of Sina's investment in TuSimple and that the merger offer of $43.30 per ordinary share significantly undervalued Sina's shares [6]. Group 3: Rosen Law Firm's 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 [5]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of settlements in 2017 and has recovered hundreds of millions of dollars for investors [5].