Press release
Investigation announced for Investors in Baidu, Inc. (NASDAQ: BIDU) over potential Wrongdoing
An investigation on behalf of investors in Baidu, Inc. (NASDAQ: BIDU) shares over possible breaches of fiduciary duty.
Investors who are current long term investors in Baidu, Inc. (NASDAQ: BIDU) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: BIDU stocks follows a lawsuit filed against Baidu, Inc. over alleged securities laws violations. The investigation on behalf of investors in NASDAQ: BIDU stocks, concerns whether certain Baidu, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Baidu’s feed services were not in compliance with applicable Chinese regulatory standards, that 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, that accordingly, the Company’s revenues derived from its online marketing services were unlikely to be sustainable, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.
Those who purchased shares of Baidu, Inc. (NASDAQ: BIDU) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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