Monday, October 09, 2006

Live, from Shanghai....It's Another Episode of Case Dismissed!

Continuing our international coverage from last week, we skip over to Shanghai, where SINA Corporation (NASDAQ: SINA) announced the dismissal, without leave to amend, of the consolidated securities class action pending against the company and certain of its officers and directors.

SINA is an online media company and information services provider in China.

The case was pending in the United States District Court for the Southern District of New York before Judge Naomi Reice Buchwald.

Three Michigan municipal pension funds, the City of Sterling Heights General Employee's Retirement System, City of St. Clair Shores Police and Fire Retirement System, and Charter Township of Clinton Police and Fire Retirement System are the lead plaintiffs in the SINA litigation and Lerach Coughlin Stoia Geller Rudman & Robbins LLP is lead counsel.

No word on whether the mascot for Sina's iAsk search engine could take's butler, Jeeves, in a streetfight:

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