Shareholder Alert: Pomerantz Law Firm Investigates Claims on Behalf of Sea Limited Investors

NEW YORK, 24 June 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in Sea Limited (“Sea” or the “Company”) (NYSE: SE). Such investors are advised to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns whether Sea and certain of its officers and/or directors engaged in securities transactions. Fraud or other unlawful business practices.

(Click here for information on joining the class action lawsuit.)

At May 28, 2024, Bloomberg published an article reporting that Sea is being investigated by Indonesian antitrust authorities “for potentially unfairly favoring its own delivery service over other alternatives.” The Bloomberg article reported that “(O)nline shoppers in Indonesia can choose which company to deliver their purchases, and Sea’s e-commerce division Shopee has set up an algorithm that favors its own service over other options, including local competitors, the antitrust authority KPPU said in a hearing on Tuesday.”

Following this news, Sea’s share price fell $2.35 per share or 3.26% and closed at $69.63 per share on May 28, 2024.

Pomerantz LLP, with offices in new York, Chicago, Los Angeles, London, ParisAnd Tel-Avivis considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action lawyers, Pomerantz was a pioneer in the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won billions of dollars in damages on behalf of class action plaintiffs. See www.pomlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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