NEW YORK, Feb. 20, 2023 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Sea Limited (“Sea” or the “Company”) (NYSE: SE). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Sea and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On February 14, 2023, Bloomberg reported that “India has banned 54 apps it says are of Chinese origin, including Sea Ltd.’s marquee game Free Fire, citing security concerns.”
On this news, Sea’s stock price fell $29.11 per share, or 18.39%, to close at $129.17 per share on February 14, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
SOURCE Pomerantz LLP
