SAN DIEGO, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Sea Limited (NYSE:SE) securities between April 23, 2022 and May 15, 2023. Sea Limited, together with its subsidiaries, provides digital entertainment, e-commerce, and digital financial services in Asia, Latin America, and internationally.
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What is this Case About: Sea Limited (SE) Misled Investors Regarding its Financial Prospects
According to the complaint, during the class period, defendants failed to disclose that: (i) Sea Limited overstated its ability to manage the growth of its user base and loan book while enhancing its profitability; (ii) Sea Limited's expansion to a broader user base and growing loan book rendered the Company significantly more vulnerable to higher credit losses; and (iii) as a result, the Company was likely to book a significant ...