Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
IRVINE, Calif., Aug. 22, 2017 (GLOBE NEWSWIRE) -- Khang & Khang LLP (the "Firm") announces the filing of a securities class action lawsuit against Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB). Investors who purchased or otherwise acquired Weibo shares from April 27, 2017 through June 22, 2017, inclusive (the "Class Period"), are encouraged to contact the Firm before the August 28, 2017 lead plaintiff motion deadline.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
If you purchased Weibo shares during the Class Period, please contact Joon M. Khang, Esq., of Khang & Khang LLP, 4000 Barranca Parkway, Suite 250, Irvine, CA 92604, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
There has been no class certification in this case yet, and until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member as well.
According to the lawsuit, throughout the Class Period, Weibo made false and/or misleading statements, and/or failed to disclose: that the Company lacked a requisite internet audio/video program transmission license; that the Company was posting commentary programs with content that violated 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. On June 22, 2017, Weibo revealed that it received a notice from Chinese regulators that certain companies will have video and audio services suspended for lacking an internet audio/video program transmission license and for posting commentary that violates government regulations. When this information was announced, Weibo's stock price dropped materially, which harmed investors according to the Complaint.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
If you want to learn more about this lawsuit, or if you have questions about this notice or your rights, please contact Joon M. Khang, Esq., a prominent litigator for nearly two decades, by telephone at (949) 419-3834, or by e-mail at joon@khanglaw.com.
This press release may be considered Attorney Advertising in certain jurisdictions.
ContactJoon M. Khang, Esq.Telephone: 949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.