NEW YORK, June 23, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Weibo Corporation ("Weibo" or the "Company") (NASDAQ: WB). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/wb.
The investigation concerns whether Weibo and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 22, 2017, Weibo revealed that it received notice from The State Administration of Press, Publication, Radio, Film and Television of the People's Republic of China (the "SAPPRFT"), requesting that local authorities "take measures to suspend several companies' video and audio services due to their lacking of an internet audio/video program transmission license and posting of certain commentary programs with content in violation of government regulations on their sites." Following this news, Weibo stock dropped over 9% during intraday trading on June 22, 2017.
If you are aware of any facts relating to this investigation, or purchased Weibo shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/wb. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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