SAN DIEGO, June 22, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP today announced that it is investigating possible violations of federal securities laws by Weibo Corporation (NASDAQ: WB). Weibo operates as a social media platform for people to create, distribute, and discover Chinese-language content.
On June 22, 2017, Bill Bishop, who writes an online newsletter about China, posted on Twitter that regulators apparently are punishing Weibo for not been cracking down on news that violated regulations and "negative" commentary. Following the news, Weibo stock plummeted over 9% in early morning trading.
If you have information that could assist in this investigation, or if you are a Weibo shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (firstname.lastname@example.org) by email or by phone at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/weibo-wb-alert-jw-commences-an-investigation-of-weibo-corporation-investors-encouraged-to-contact-firm-300478317.html
SOURCE Johnson & Weaver, LLP