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Shareholder Alert: Robbins LLP Reminds Investors Limited (WBAI) Sued for Misleading Shareholders
[February 18, 2020]

Shareholder Alert: Robbins LLP Reminds Investors Limited (WBAI) Sued for Misleading Shareholders

Shareholder rights law firm Robbins LLP reminds investors that a purchaser of Limited (NYSE: WBAI) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between April 27, 2018 and December 31, 2019. provides online gaming services primarily in the People's Republic of China and Europe.

If you suffered a loss as a result of's misconduct, click here. Limited (WBAI) Accused of Engaging in Bribery Scheme to Run New Japanese Casino Resort

According to the complaint, on April 27, 2018, issued its Annual Report on Form 20-F attesting to the Company's disclosure of all fraud and stating in pertinnt part that its "employees have an obligation to comply with all laws, rules and regulations applicable to the Company's operations" including "[t]he Foreign Corrupt Practices Act [which] prohibits the Company and its employees and agents from offering or giving money or any other item of value to win or retain business." Despite reaffirming these same assertions throughout the relevant period, on December 31, 2019, announced that a Special Investigation Committee ("SIC") was formed by's board to investigate illegal money transfers and the role played by current and former consultants in these transfers after the arrest of three consultants by the Tokyo District Public Prosecutors Office. On this news, shares of fell over 10% to close at $7.52 per share. The stock continues to decline. Limited (WBAI) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.

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