June 07, 2018
An investor who accused Weibo Corp. of misleading shareholders about its compliance with China's internet licensing laws lost his suit Wednesday when a New Jersey federal judge found his claims weren't sufficiently tied to any statements the social network made.
June 27, 2017
Weibo Corporation misled investors by telling them it had taken measures to comply with China's censorship laws, ultimately leading to heavy losses when China banned political content from the social network, according to an investor's proposed class action filed in New Jersey federal court Tuesday.