Sina Corp. Class Action Dismissed

New York - Shareholders tried to file a class action lawsuit against the online media company for securities fraud. The lawsuit was commenced on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of Sina Corp. between October 26, 2004 and February 7, 2005. The complaints alleged violations of the federal securities laws through the issuance of false or misleading statements. The United States District Court for the Southern District of New York issued an order granting the defendants' motion to dismiss the amended consolidated complaint in its entirety, without leave to amend. (Oct-09-06) [TRADING MARKETS: SINA DISMISSED]