NEW
YORK, June 12, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Sea
Limited:
On May 16, 2023, Sea issued a
press release announcing its financial results for the first
quarter of 2023. Among other items, Sea reported first-quarter
earnings that fell significantly short of expectations due to a
sharp increase in loan reserves. Sea also disclosed that the
Company's previous Chief Investment Officer, David Ma, had left that role and joined the
Company's Board of Directors.
On this news, Sea's stock price fell $15.62 per share, or 17.74%, to close at
$72.45 per share on May 16, 2023.
Due to the forgoing, The Gross Law Firm is investigating
potential securities fraud claims on behalf of certain
Sea investors. If you incurred a loss on your SE investment, please
contact us using the link below to discuss your rights.
https://securitiesclasslaw.com/securities/sea-loss-submission-form/?wire=4
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm