The Law Offices of Frank R. Cruz Announces Investigation on Behalf of 500.com Limited (WBAI) Investors
January 07 2020 - 6:21PM
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 any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
fcruz@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200107006128/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
500 com (NYSE:WBAI)
Historical Stock Chart
From Mar 2024 to Apr 2024
500 com (NYSE:WBAI)
Historical Stock Chart
From Apr 2023 to Apr 2024