NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Weibo Corporation (NASDAQ:WB) concerning possible violations of federal securities laws.
On June 22, 2017, Weibo announced receipt of a notice from The State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China (the “SAPPRFT”). The notice requests that local authorities “take measures to suspend several companies’ video and audio services due to their lacking of an internet audio/video program transmission license and posting of certain commentary programs with content in violation of government regulations on their sites.” Following this news, shares of Weibo were down more than 9% on intraday trading on June 22, 2017.
If you suffered a loss in Weibo and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/WB-Info-Request-Form-170.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.