Sina.com (SINA) says the United States District Court for the Southern District of New York has dismissed, without leave to amend, a consolidated securities class action complaint filed against the Sina and certain of its directors and officers.

In February 2005, multiple purported securities class action complaints were filed against the Sina and certain officers and directors of the company in the United States District Court for the Southern District of New York, following the company's announcement of anticipated financial results for the first quarter of 2005 ending on March 31, 2005.

The complaints sought unspecified damages on alleged violations of federal securities laws during the period from October 26, 2004 to February 7, 2005. The complaints alleged violations of the federal securities laws through the issuance of false or misleading statements during the class period covered. These complaints were subsequently consolidated, and the lead plaintiff filed an amended consolidated complaint.

On September 25, 2006, Judge Buchwald issued an order granting the defendants' motion to dismiss the amended consolidated complaint in its entirety, without leave to amend. In the dismissal order, Judge Buchwald held that "the complaint altogether fails to support the conclusion that [Sina.com] acted with intent to deceive or defraud the public or that they were reckless in this regard."

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