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Berger Montague PC Investigates Securities Claims Against Sina Corporation (OTHER: SINA)

1. A class action lawsuit against SINA has been filed by investors. 2. Claims state SINA concealed its investment value in TuSimple. 3. Shareholders allegedly received undervalued offers during a merger. 4. Investors can seek lead plaintiff roles until November 18, 2025. 5. Lawsuit claims document omissions misled shareholders in their voting decisions.

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FAQ

Why Very Bearish?

The class action lawsuit indicates possible financial liabilities and damages claims against SINA, which can negatively impact shareholder confidence and stock price. Historical precedents show that companies embroiled in legal issues often face stagnant or declining share prices until resolution.

How important is it?

The lawsuit could open SINA to further claims or settlements, directly affecting financial performance and stock valuation. The potential for large settlements or awarded damages also raises financial risks for investors, thus heightening the article's significance.

Why Short Term?

Legal proceedings can lead to immediate loss of investor confidence, affecting stock prices quickly. Similar cases in the past often show significant price reactions upon lawsuit announcements.

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TSPBIDUJD
PHILADELPHIA, Oct. 02, 2025 (GLOBE NEWSWIRE) -- National plaintiffs’ law firm Berger Montague PC announces a class action lawsuit against Sina Corporation (Other: SINA) (“Sina” or the “Company”) on behalf of investors who sold Sina shares, including those that sold into Sina’s go-private merger, during the period from October 13, 2020 through March 22, 2021 (the “Class Period”). Investor Deadline: Investors who sold SINA securities during the Class Period may, no later than November 18, 2025, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE. Sina, headquartered in Beijing, China, is a leading digital media company delivering a wide range of content, including news, entertainment, and financial services, to Chinese-speaking audiences worldwide. According to a recently filed lawsuit, the Defendants engaged in a scheme to depress the value of Sina’s ordinary shares to avoid paying shareholders a fair price during the Company’s go-private transaction. It is claimed that important facts were omitted from the proxy materials shareholders relied upon to make voting decisions. Specifically, the Complaint contends that the true value of the Company’s investment in TuSimple, a U.S.-based autonomous trucking company, was concealed. This led to shareholders receiving a cash offer that significantly undervalued their shares. According to the lawsuit, discovery in a related shareholder appraisal proceeding revealed internal documents showing senior executives deliberately hid the investment’s value. As a result, shareholders were misled and received less than fair value for their shares. If you are a SINA investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865. About Berger MontagueBerger Montague, with offices in Philadelphia, Minneapolis, Delaware, Washington, D.C., San Diego, San Francisco, Chicago, Malvern, PA, and Toronto has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States. For more information or to discuss your rights, please contact:Andrew AbramowitzSenior CounselBerger Montague(215) 875-3015aabramowitz@bergermontague.com Caitlin AdorniDirector of Portfolio & Institutional Client Monitoring ServicesBerger Montague(267) 764-4865cadorni@bergermontague.com

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