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SAN DIEGO & SHENZHEN, China–(BUSINESS WIRE)–$WBAI #ClassAction–Shareholder rights law firm Robbins LLP announces 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 pertinent 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 and has yet to recover. Limited (WBAI) Shareholders Have Legal Options

Contact us to learn more:

Leo Kandinov

(800) 350-6003

[email protected]
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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Leo Kandinov

Robbins LLP

5040 Shoreham Place

San Diego, CA 92122

[email protected]
(619) 525-3990 or Toll Free (800) 350-6003