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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Sea Limited of Class Action Lawsuit and Upcoming Deadline - SE
New York, New York--(Newsfile Corp. - September 7, 2023) - Pomerantz LLP announces that a class a...
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[{"type":"text","content":"SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Sea Limited of Class Action Lawsuit and Upcoming Deadline - SENew York, New York--(Newsfile Corp. - September 7, 2023) - Pomerantz LLP announces that a class action lawsuit has been filed against Sea Limited (\"Sea\" or the \"Company\") (NYSE: SE), and certain officers. The class action, filed in the United States District Court for the District of Arizona, Phoenix Division, and docketed under 23-cv-01455, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Sea securities between April 23, 2022 and May 15, 2023, both dates inclusive (the \"Class Period\"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \"Exchange Act\") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials. If you are a shareholder who purchased or otherwise acquired Sea securities during the Class Period, you have until September 19, 2023 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. [Click here for information about joining the class action]Sea, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally. The Company's digital financial services platform provides, inter alia, payment processing services, credit offerings, and digital bank services under various brands, which purportedly work in tandem with Sea's digital entertainment and e-commerce platforms to drive synergies among all three business segments. Defendants have consistently asserted that these purported synergies allow the Company to grow its user base and loan book in an efficient, cost-effective manner, while managing risks impacting the Company's profitability.The complaint alleges that throughout the Class Period, Defenda...