San Diego, CA -- (SBWIRE) -- 03/09/2020 -- The Shareholders Foundation announced that a deadline is coming up on March 16, 2020in the lawsuit filed for certain investors of 500.com Ltd (NYSE: WBAI) over alleged securities laws violations by 500.com Ltd.

Investors who purchased shares of 500.com Ltd (NYSE: WBAI) have certain options and there are strict and short deadlines running. Deadline: March 16, 2020. NYSE: WBAI stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of 500.com Ltd (NYSE: WBAI) common shares between April 27, 2018 and December 31, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 27, 2018 and December 31, 2019, 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.