(English) Cheetah Mobile Inc.
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(English) SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Cheetah Mobile Inc. – CMCM
New York, N.Y., July 10, 2020. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Cheetah Mobile Inc. (NYSE: CMCM) between March 25, 2019 and February 20, 2020, inclusive (the “Class Period”).
To join the CMCM class action, go to http://zhanginvestorlaw.com/cases/cheetah-mobile-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org 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 DON’T HAVE TO BE LEAD PLAINTIFF TO OBTAIN A RECOVERY.
According to the lawsuit, throughout the Class Period (1) certain of Cheetah Mobile’s apps were not compliant with the terms of its agreements with Google; (2) as a result, there was a reasonable likelihood that Google would terminate its advertising contracts with the Company; (3) as a result of the foregoing, the Company’s ability to attract new users would be adversely impacted; (4) as a result, the Company’s revenue was reasonably likely to decline; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. 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 August 24, 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/cheetah-mobile-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 email@example.com.
Zhang Investor Law represents investors worldwide.