The Law Offices of Frank R. Cruz Announces Investigation on Behalf of 500.com Limited (WBAI) Investors
500. COM LTD (WBAI)
US:NYSE Investor Relations:
500.investorroom.com
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation on behalf of 500.com Limited (“500.com” or the “Company”) (NYSE: WBAI) investors concerning the Company and its officers’ possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On December 31, 2019, the Company disclosed an internal investigation regarding alleged illegal money transfers after one of its former directors was arrested. 500.com also announced that its Chairman of the Board of Directors resigned and that its Chief Executive Officer would “step aside” from his position until the investigation concluded.On this news, the Company’s share price fell as much as $0.94 per share, nearly 11%, during intraday trading on January 2, 2020, thereby injuring investors.Follow us for updates on Twitter: twitter.com/FRC_LAW.If you purchased 500.com securities, have information or would like to learn more about these claims, or have
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