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Deadline on June 15th coming up in Lawsuit for Investors in iQIYI, Inc. (NASDAQ: IQ)

06-03-2020 06:16 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on June 15, 2020 in the lawsuit for certain investors in iQIYI, Inc. (NASDAQ: IQ).

A Deadline is coming up on June 15, 2020 in the lawsuit for certain investors in iQIYI, Inc. (NASDAQ: IQ).

A deadline is coming up on June 15, 2020 in the lawsuit filed for certain investors of iQIYI, Inc. (NASDAQ: IQ) over alleged securities laws violations by iQIYI, Inc.

Investors who purchased shares of iQIYI, Inc. (NASDAQ: IQ) have certain options and there are strict and short deadlines running. Deadline: June 15, 2020. NASDAQ: IQ stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges on behalf of purchasers of iQIYI, Inc. (NASDAQ: IQ) common shares between March 29, 2018 and April 7, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 29, 2018 and April 7, 2020, the defendants made false and/or misleading statements and/or failed to disclose that iQIYI inflated its revenue figures, that iQIYI inflated its user numbers, that iQIYI inflated its expenses to cover up other fraud, and that as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. According to the suit, these true details were disclosed by a market research firm.

Those who purchased shares of iQIYI, Inc. (NASDAQ: IQ) have certain options and should contact the Shareholders Foundation.

Media Contact:
Christopher Clausen
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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