LOS ANGELES, July 05, 2017 (GLOBE NEWSWIRE) -- 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, 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. 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.
Contact: Lundin Law PC Brian Lundin, Esq. Telephone: 888-713-1033 Facsimile: 888-713-1125 brian@lundinlawpc.com http://lundinlawpc.com/
