SE SHAREHOLDER ALERT: Jakubowitz Law Reminds Sea Shareholders of a Lead Plaintiff Deadline of September 19, 2023

NEW YORK, Aug. 4, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Sea Limited (NYSE: SE).

To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/sea-class-action-loss-submission-form-2/?id=42960&from=4

The lawsuit seeks to recover losses for shareholders who purchased Sea between April 23, 2022 and May 15, 2023.

Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until September 19, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

According to a filed complaint, Sea Limited issued 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.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (628) 895-0423
F: (212) 537-5887

SOURCE Jakubowitz Law

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