Press release
Lawsuit filed for Investors in shares of Baidu, Inc. (NASDAQ: BIDU)
A lawsuit was filed on behalf of investors in Baidu, Inc. (NASDAQ: BIDU) shares over alleged securities laws violations.
Investors who purchased shares of Baidu, Inc. (NASDAQ: BIDU) have certain options and for certain investors are short and strict deadlines running. Deadline: June 22, 2020. NASDAQ: BIDU investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
China based Baidu, Inc. provides Internet search services in China and internationally. Baidu, Inc reported that its annual Total Revenue rose from over 102.27 billion CNY in 2018 to 107.41 billion CNY in 2019, and that its Net Income declined from 27.57 billion CNY in 2018 to 1.98 billion CNY in 2019.
On April 7, 2020, China's internet regulator, the Cyberspace Administration of China ("CAC"), stated that search engine Baidu's content review on some of its news feed channels is not "strict," "exerted bad influence to the society," and violated relevant Chinese laws and regulations. The CAC ordered Baidu to clean up improper information. Baidu stated it would suspend operations of some mobile app channels.
The plaintiff claims that between March 16, 2019, and April 7, 2020, 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.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lawsuit filed for Investors in shares of Baidu, Inc. (NASDAQ: BIDU) here
News-ID: 2028248 • Views: …
More Releases from Shareholders Foundation
ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made.
If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have…
Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779…
Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp.
Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) 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 current long term investors in…
Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
More Releases for Baidu
AI Processor Market | ARM, Alibaba, Amazon, Baidu
The global ai processor market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the ai processor market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth of the…
UGC Software Market is Booming Worldwide | Twitter, Baidu, Linkedin
2023-2031 Report on Global UGC Software Market by Player, Region, Type, Application and Sales Channel is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global UGC Software Market. Some of the key players profiled in the…
Internet Advertising Market is Booming Worldwide | Alphabet, Facebook, Baidu
A new research study on Global Internet Advertising Market is added by AMA Research in its repository with an aim to offers a complete assesment about the factors influencing and overall market growth trend. The study covers latest development insights with disrupted trends and breakdown of Internet Advertising products and offering correlated with macro-economic headwinds and slowdown. Quantitative statistics with qualitative reasoning related to market size, share, growth influencing factors…
Internet Advertising Market 2023 Strategic Assessment - Alphabet, Facebook, Baid …
Online advertising, also called online or Internet advertising or web advertising, is a form of marketing and advertising which uses the Internet to deliver promotional marketing messages to consumers. Online advertising is a marketing strategy that involves the use of the Internet as a medium to obtain website traffic and target and deliver marketing messages to the right customers. Online advertising is geared toward defining markets through unique and useful…
Online Music Market Is Booming Worldwide | Alibaba, Joox, Baidu
Latest released the research study on Global Online Music Market, offers a detailed overview of the factors influencing the global business scope. Online Music Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Online Music. The study covers emerging player's data, including: competitive situation, sales, revenue…
Conversational AI Market 2025 | Baidu, Nuance, Oracle
Global Conversational AI Market: Overview
The global conversational AI market is gaining traction, owing to the convenience it provides to the customer in delivering personalized communication. Conversational AI includes computerized programs for conducting a conversation via textual or auditory methods. Such Artificial intelligence and computer programs are mostly designed to convincingly simulate humans’ behaviors as a conversational partner, therefore passing the Turing test. Conversational AI is typically used in various dialog…
