LOS ANGELES, CA / ACCESSWIRE / July 17, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB) for possible violations of federal securities laws between April 27, 2017 and June 22, 2017, inclusive (the "Class Period"). Investors, who purchased or otherwise acquired Weibo shares during the Class Period, should contact the firm prior to the August 28, 2017 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at firstname.lastname@example.org.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may choose to do nothing and be an absent class member as well.
According to the Complaint, during the Class Period, Weibo made false and/or misleading statements and/or failed to disclose: that the Company lacks a requisite internet audio/video program transmission license; that Weibo was posting certain commentary programs with content in violation of Chinese government regulations on its site; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times. When this news reached the public, shares of Weibo fell in value materially, which caused investors harm according to the Complaint.
Lundin Law PC was established by Brian Lundin, Esq., a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC