(English) Baidu, Inc.
Join Class Action »
(English) SHAREHOLDER ALERT: Zhang Investor Law a Securities Class Action Lawsuit Against Baidu, Inc. – BIDU
New York, N.Y., April 25, 2020. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Baidu, Inc. (NASDAQ: BIDU) between March 16, 2019 and April 7, 2020, inclusive (the “Class Period”).
To join the BIDU class action, go to http://zhanginvestorlaw.com/cases/baidu-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE LEAD PLAINTIFF IN ORDER TO OBTAIN A RECOVERY.
According to the lawsuit, throughout the Class Period (1) Baidu’s feed services were not in compliance with applicable Chinese regulatory standards; (2) the foregoing noncompliance subjected the Company to a heightened risk of regulatory enforcement, including the removal or suspension of certain of Baidu’s services and products; (3) accordingly, the Company’s revenues derived from its online marketing services were unlikely to be sustainable; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 22, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/baidu-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.