There are at least 4 or 5 such lawsuits filed last week.
Eventually it will have effects - and I do believe SINA management knew about the adverse effect on its biz as early as Dec. The CEO and CFO have sold tons of their holdings. It was one of the reasons I decided to stay on the sideline for SINA earning play. What is strange though, YHOO no longer has SINA's insider transaction information available in details.
ST, due to SNDA's move, SINA may trade to SNDA's multiple ...