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SEA LIMITED (SE) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Sea Limited
New York, New York--(Newsfile Corp. - August 3, 2023) - Bernstein Liebhard LLP: Do you, or did...
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[{"type":"text","content":"SEA LIMITED (SE) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Sea LimitedNew York, New York--(Newsfile Corp. - August 3, 2023) - Bernstein Liebhard LLP:Do you, or did you, own shares of Sea Limited (NYSE: SE)?Did you purchase your shares between April 23, 2022 and May 15, 2023, inclusive?Did you lose money in your investment in Sea Limited?Do you want to discuss your rights?Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Sea Limited (\"Sea\" or the \"Company\") (NYSE: SE) between April 23, 2022 and May 15, 2023, inclusive (the \"Class Period\"). The lawsuit was filed in the United States District Court for the District of Arizona and alleges violations of the Securities Exchange Act of 1934 against the Company and certain of its officers (the \"Complaint\"). If you purchased or acquired Sea securities, and/or would like to discuss your legal rights and options please visit Sea Limited Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or [email protected] you wish to serve as lead plaintiff, you must move the Court no later than September 17, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.The Complaint alleges that Defendants made materially false and misleading statements throughout the Class Period. Specifically, Defendants failed to disclose to investors that: (i) Sea overstated its ability to manage the growth of its user base and loan book while enhancing its profitability; (ii) Sea's expansion to a broader user base and growing loan book rendered the Company significantly more vulnerable to higher credit losses; (iii) as a result, the Company was likely to book a significant increase in loan loss reserves; and (iv) the foregoing was likely to have a significant negative impact on Sea's earnings. On May 16, 2023, Sea issued a press release announcing it...