Investors Urged to Act: Class Action Filed Against Sina Corporation

A class action lawsuit has been initiated against **Sina Corporation**, a Beijing-based digital media company, by the national plaintiffs’ law firm **Berger Montague PC**. This action is on behalf of investors who sold shares of Sina, including those involved in the company’s go-private merger, during the class period from **October 13, 2020**, to **March 22, 2021**. Investors are advised to contact Berger Montague by **November 18, 2025**, to explore their eligibility to be appointed as lead plaintiff representatives.

The lawsuit alleges that the defendants engaged in a scheme to artificially reduce the value of Sina’s ordinary shares. This was purportedly done to circumvent paying fair value to shareholders during the transaction that took Sina private. Key information was allegedly omitted from proxy materials, which shareholders needed to make informed decisions regarding their investments.

One of the central claims in the lawsuit involves the concealment of the true value of Sina’s investment in **TuSimple**, a U.S.-based autonomous trucking firm. The complaint asserts that this concealment led to a significant undervaluation of the cash consideration offered to shareholders at the closing of the transaction. Internal documents revealed during a related shareholder appraisal proceeding suggest that senior executives knowingly withheld this crucial information, resulting in shareholders receiving less than the actual worth of their shares.

Investors who sold **SINA** securities during the specified class period are encouraged to learn more about their rights and the implications of this lawsuit. Those interested can reach out to **Andrew Abramowitz**, Senior Counsel at Berger Montague, or **Caitlin Adorni**, Director of Portfolio & Institutional Client Monitoring Services. They can be contacted via email at [email protected] and [email protected], respectively, or by phone at **(215) 875-3015** and **(267) 764-4865**.

**Berger Montague**, founded in **1970**, has built a reputation as a pioneer in securities class action litigation, representing both individual and institutional investors across the United States. With offices in cities including Philadelphia, Minneapolis, and Toronto, the firm continues to serve as lead counsel in significant legal matters affecting investors.

For those affected, timely action is essential to ensure participation in this class action. Understanding the implications of this lawsuit could be pivotal for investors who may have experienced losses during the specified period.