Investors Urged to Act in Class Action Against Sina Corporation

Berger Montague, a national plaintiffs’ law firm, has initiated a class action lawsuit against Sina Corporation, urging investors who sold shares during a specific period to take action before November 18, 2025. This lawsuit targets individuals who sold their shares between October 13, 2020, and March 22, 2021, including those involved in the company’s go-private merger.

Details of the Class Action

The firm has set a deadline for investors to seek appointment as lead plaintiff representatives in the ongoing case. Those affected by the alleged misconduct are encouraged to contact Berger Montague to understand their rights and the implications of the lawsuit.

Sina Corporation, based in Beijing, China, is recognized for its digital media services that cater primarily to Chinese-speaking audiences. The lawsuit centers on claims that certain individuals orchestrated a scheme to artificially lower the value of Sina’s shares. This purported manipulation occurred during the transition to take the company private, which allegedly resulted in shareholders receiving less than the fair market value for their shares.

Allegations of Concealment

According to the complaint, significant information was not disclosed in the proxy materials that shareholders needed to make informed decisions regarding the merger. Notably, the lawsuit asserts that the true value of Sina’s investment in TuSimple, an autonomous trucking company in the United States, was concealed. This lack of transparency is said to have led to a cash offer that substantially undervalued the company’s shares.

Discovery in a related shareholder appraisal proceeding reportedly revealed internal documents indicating that senior executives were aware of this investment’s actual worth but chose to hide it. Consequently, shareholders may have received compensation far below what their shares were worth at the time of the transaction’s closing.

Investors who sold securities of Sina during the designated class period and wish to explore their options can reach out to Berger Montague for further details. Interested parties can contact Andrew Abramowitz at [email protected] or call (215) 875-3015, or Caitlin Adorni at [email protected] or (267) 764-4865.

Founded in 1970, Berger Montague has established itself as a leader in securities class action litigation, representing both individual and institutional investors. With offices across the United States and in Toronto, the firm has a long-standing history of advocating for the rights of shareholders in various legal matters.

For more information about the lawsuit and to discuss potential claims, investors are encouraged to contact the firm directly.