SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf Of Investors Of Sea Limited - SE
Date
5/26/2023 12:15:42 AM
(MENAFN- Newsfile Corp) SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sea Limited - SE
New York, New York--(Newsfile Corp. - May 25, 2023) - 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 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 May 16, 2023, Sea issued a press release announcing its financial results for the first quarter of 2023. Among other items, Sea reported first-quarter earnings that fell significantly short of expectations due to a sharp increase in loan reserves. Sea also disclosed that the Company's previous Chief Investment Officer, David Ma, had left that role and joined the Company's Board of Directors.
On this news, Sea's stock price fell $15.62 per share, or 17.74%, to close at $72.45 per share on May 16, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, 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 .
CONTACT:
Robert S. Willoughby
Pomerantz LLP
888-476-6529 ext. 7980
To view the source version of this press release, please visit
MENAFN26052023004218003983ID1106320864
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.