TOP Financial (US:TOP) Newsfileยท2025-11-18 02:54Core Viewpoint - Rosen Law Firm is urging investors of Sina Corporation who sold shares during the merger period to take action before the November 18, 2025 deadline for a securities class action lawsuit [1][2]. Group 1: Class Action Details - Investors who sold ordinary shares of Sina Corporation between October 13, 2020, and March 22, 2021, may be eligible for 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 engaged in a fraudulent scheme to depress the value of Sina's shares to avoid paying a fair price during the merger [5]. Group 2: Allegations Against Defendants - The lawsuit claims that the defendants misrepresented and omitted material information in Sina's proxy materials, which were essential 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 merger offer of $43.30 per share significantly undervalued Sina's ordinary 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 securities class action settlement against a Chinese company and being ranked No. 1 for settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4].