The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against 500.com Limited (WBAI)
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 reminds investors of the upcoming March 26, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of 500.com Limited (“500.com” or the “Company”) (NYSE: WBAI) investors who purchased securities between April 27, 2018 and December 31, 2019, inclusive (the “Class Period”).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 $1.07, or over 12%, to close at $7.52 per share on January 2, 2020, thereby injuring investors.The complaint filed in this class action alleges that throughout the Class Pe
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