DEADLINE ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Weibo Corporation and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / August 18, 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 from April 27, 2017 through June 22, 2017, inclusive (the “Class Period”). Investors, who purchased or otherwise acquired Weibo shares during the Class Period, should contact the firm before August 28, 2017, the 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 brian@lundinlawpc.com.

No class has been certified in the above action yet, and until a class is certified, you are not considered to be represented by an attorney. You may choose to do nothing and be an absent class member as well.

The Complaint alleges that, 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 posted some 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 was announced to the public, Weibo’s stock price decreased materially, which caused investors harm.

Lundin Law PC was created by Brian Lundin, Esq., a securities litigator in Los Angeles dedicated to upholding shareholders’ rights.

This press release may constitute Attorney Advertising in certain jurisdictions under the applicable law and rules of ethics.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC

ReleaseID: 473065