Sea Limited Class Action Lawsuit - SE

The filed complaint alleges that Sea Limited made materially false and/or misleading statements and/or failed to disclose that: (i) Sea overstated its ability to manage the growth of its user base and loan book while enhancing its profitability; (ii) Sea’s expansion to a broader user base and growing loan book rendered the Company significantly more vulnerable to higher credit losses; (iii) as a result, the Company was likely to book a significant increase in loan loss reserves; (iv) the foregoing was likely to have a significant negative impact on Sea’s earnings; and (v) as a result, the Company’s public statements were materially false and misleading at all relevant times.

In order to be eligible to join the SE class action lawsuit, you must have incurred a loss on shares of Sea purchased during the class period listed above.

If you suffered a loss in Sea during the relevant time frame or pursuant to the relevant offering(s), you have until September 19, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.