SAN DIEGO, Jan. 3, 2020 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP, is investigating potential claims
against 500.com Limited (NYSE: WBAI) ("500.com" or the
"Company") for violations of federal securities laws.
On December 31, 2019, the Company
announced it had formed a special committee to investigate alleged
illegal money transfers and the role played by a former director of
the Company's subsidiary in Japan
and two former consultants by the Tokyo District Public Prosecutors
Office. The Company also made known that Xudong Chen, Chairman of the Board, would give
up his employment effective December 30,
2019, until the investigation concluded.
If you lost money, realized or unrealized on your
500.com investment, and are interested
in learning more about the investigation or your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonfistel.com) by email or phone at 619-814-4471. If
emailing, please include a phone number.
Additionally, you can [click here to join this
action]. There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York, and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel,
LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[click here to join this action]
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SOURCE Johnson Fistel, LLP