Energy News / Shareholders Foundation, Inc.

NASDAQ:WB Investor Alert: Lawsuit Alleges False and Misleading Statements by Weibo Corp

Via: ReleaseWire

Updated 12:04 PM CDT, Thu, August 17,2017

A lawsuit was filed on behalf of investors in Weibo Corp (ADR) (NASDAQ:WB) shares over alleged securities laws violations.

San Diego, CA -- (SBWIRE) -- 08/17/2017 -- An investor in NASDAQ:WB shares filed a lawsuit over alleged violations of Federal Securities Laws by Weibo Corp.

Investors who purchased shares of Weibo Corp (ADR) (NASDAQ:WB) have certain options and for certain investors are short and strict deadlines running. Deadline: August 28, 2017. NASDAQ:WB investors should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Weibo Corp (ADR) (NASDAQ:WB) common shares between April 27, 2017 and June 22, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 27, 2017 and June 22, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Weibo Corp lacks a requisite internet audio/video program transmission license, that Weibo Corp was posting certain commentary programs with content in violation of Chinese government regulations on its site, and that as a result, Defendants' public statements were materially false and misleading at all relevant times When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased shares of Weibo Corp (ADR) (NASDAQ:WB) have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

For more information on this press release visit:

Media Relations Contact
Michael Daniels
Email: Click to Email Michael Daniels