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Glancy Prongay & Murray LLP Continues Its Investigation on Behalf of 500.com Limited Investors

January 3, 2020 GMT

LOS ANGELES--(BUSINESS WIRE)--Jan 3, 2020--

Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of 500.com Limited (“500.com” or the “Company”) (NYSE: WBAI ) investors concerning the Company and its officers’ possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On December 31, 2019, the Company disclosed an internal investigation regarding alleged illegal money transfers after one of its former directors was arrested. 500.com also announced that its Chairman of the Board of Directors resigned and that its Chief Executive Officer would “step aside” from his position until the investigation concluded.

On this news, the Company’s share price fell $1.07, or over 12%, to close at $7.52 per share on January 2, 2020, thereby injuring investors.

If you purchased 500.com securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles H. Linehan, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200103005363/en/

CONTACT: Glancy Prongay and Murray LLP, Los Angeles

Charles H. Linehan, 310-201-9150 or 888-773-9224

www.glancylaw.com

shareholders@glancylaw.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: Glancy Prongay & Murray LLP

Copyright Business Wire 2020.

PUB: 01/03/2020 04:00 PM/DISC: 01/03/2020 04:01 PM

http://www.businesswire.com/news/home/20200103005363/en