Press release
Deadline in Lawsuit for Investors in shares of Baidu, Inc. (NASDAQ: BIDU) on June 22nd coming up
A Deadline is coming up on June 22, 2020in the lawsuit for certain investors in Baidu, Inc. (NASDAQ: BIDU).
Investors who purchased shares of Baidu, Inc. (NASDAQ: BIDU) have certain options and there are strict and short deadlines running. Deadline: June 22, 2020. NASDAQ: BIDU 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 Northern District of California the plaintiff alleges on behalf of purchasers of Baidu, Inc. (NASDAQ: BIDU) common shares between March 16, 2019, and April 7, 2020, that the defendants violated Federal Securities Laws. More specifically, 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:
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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