IMPORTANT EQUITY ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Weibo Corporation and Reminds Investors with Losses to Contact the Firm

LOS ANGELES, July 21, 2017 (GLOBE NEWSWIRE) -- Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Weibo Corporation (“Weibo” or the “Company”) (Nasdaq:WB) for possible violations of federal securities laws between April 27, 2017 and June 22, 2017, inclusive (the “Class Period”). Investors who purchased or otherwise acquired Weibo shares during the Class Period should contact the firm prior to August 28, 2017, the 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, during the Class Period, Weibo made false and/or misleading statements and/or failed to disclose: that the Company lacks a required internet audio/video program transmission license; that Weibo was posting some 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 established by Brian Lundin, Esq., a securities litigator in Los Angeles dedicated to upholding shareholders’ rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and rules of ethics.

Contact:
                    
                    Lundin Law PC
                    Brian Lundin, Esq.
                    Telephone: 888-713-1033
                    Facsimile: 888-713-1125
                    brian@lundinlawpc.com
                    http://lundinlawpc.com/