NEW
YORK, Aug. 11, 2023 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action
lawsuit has commenced on behalf of shareholders of Sea Limited
(NYSE: SE).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/sea-class-action-loss-submission-form-2/?id=43315&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Sea between April 23, 2022
and May 15, 2023.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
September 19, 2023 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Sea Limited issued materially
false and/or misleading statements and/or failed to disclose 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; (iv) the foregoing was likely to
have a significant negative impact on Sea's earnings; and (v) as a
result, the Company's public statements were materially false and
misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities
fraud. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887
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SOURCE Jakubowitz Law