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SE INVESTOR NOTIFICATION: Kessler Topaz Meltzer & Check, LLP Announces Lead Plaintiff Deadline on September 19, 2023 in Securities Fraud Class Action Lawsuit Filed against Sea Limited (SE)
Radnor, Pennsylvania--(Newsfile Corp. - September 16, 2023) - The law firm of Kessler Topaz Melt...
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[{"type":"text","content":"SE INVESTOR NOTIFICATION: Kessler Topaz Meltzer & Check, LLP Announces Lead Plaintiff Deadline on September 19, 2023 in Securities Fraud Class Action Lawsuit Filed against Sea Limited (SE)Radnor, Pennsylvania--(Newsfile Corp. - September 16, 2023) - The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that an additional securities class action lawsuit has been filed against Sea Limited (\"Sea\") (NYSE: SE) which expanded the Class Period. The lawsuit is brought on behalf of those who purchased or acquired Sea securities between April 19, 2021 and May 15, 2023, both dates inclusive. The actions charge Sea with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company's business, operations, and prospects. As a result of Sea's materially misleading statements and omissions to the public, Sea's investors have suffered significant losses.CLICK HERE TO SUBMIT YOUR SEA LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/new-cases/sea-limited?utm_source=PR&utm_medium=link&utm_campaign=se&mktm=r LEAD PLAINTIFF DEADLINE: SEPTEMBER 19, 2023CLASS PERIOD: APRIL 19, 2021 THROUGH MAY 15, 2023CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:Jonathan Naji, Esq. at (484) 270-1453 or via email at [email protected] Topaz is one of the world's foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.SEA'S ALLEGED MISCONDUCTAccording to the complaint, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Sea overstated its ability to manage the growth of its user base and loan book while enhancing its profitability; (2) Sea's expansion to a broader user base and growing loan book rendered the company significantly more vulnerable to higher credit losses; (3) as a result, the company was likely to book a significant increase in loan loss reserves; (4) the foregoing was likely to have a significant negative impact...