An investigation on behalf of current long term investors in 500.com Ltd (NYSE: WBAI) shares over possible breaches of fiduciary duty by certain officers and directors was announced and 500.com Ltd (NYSE: WBAI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/17/2020 -- An investigation was announced for long-term investors in shares of 500.com Ltd (NYSE: WBAI) concerning potential breaches of fiduciary duties by certain directors and officers of 500.com Ltd (NYSE: WBAI.
Investors who are current long term investors in 500.com Ltd (NYSE: WBAI) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in 500.com Ltd (NYSE: WBAI stocks follows a lawsuit filed against 500.com Ltd (NYSE: WBAI over alleged securities laws violations. The investigation on behalf of current long term investors in 500.com Ltd (NYSE: WBAI stocks, concerns whether certain 500.com Ltd (NYSE: WBAI officers and directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that 500.com executives and consultants engaged in a bribery scheme with Japanese officials in an effort to gain favor in a bid to run an upcoming Japanese casino resort, that consequently, 500.com was in violation of Japanese anti-bribery laws and its Code of Ethics, and that as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of 500.com Ltd (NYSE: WBAI) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.