LOS ANGELES, June 30, 2017 /PRNewswire/ -- Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Weibo Corporation ("Weibo" or the "Company") (Nasdaq: WB) concerning possible violations of federal securities laws between April 27, 2017 and June 22, 2017, inclusive (the "Class Period"). Investors who purchased or otherwise acquired 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, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at email@example.com.
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, throughout 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 founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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SOURCE Lundin Law PC