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500.com Limited Special Committee Retains Legal Advisors

Jan 16, 2020 - PR Newswire
Board and Executive Moves

PR Newswire

500.com Limited (NYSE: WBAI) ("500.com" or the "Company"), a leading online sports lottery service provider in China, today announced that the Special Investigation Committee ("SIC") formed by the Company's Board of Directors (the "Board") has retained King & Wood Mallesons LLP as legal advisor to assist with the internal investigation into the role played by the Company's former external consultants in the alleged illegal money transfers following their arrest by the Tokyo Dis...