Deadline on August 25, 2020 coming up in Lawsuit for Investors in Cheetah Mobile Inc (ADR) (NYSE: CMCM)

A deadline is coming up on August 25, 2020 in the lawsuit filed for certain investors of Cheetah Mobile Inc (ADR) (NYSE: CMCM) over alleged securities laws violations by Cheetah Mobile Inc.

Investors who purchased shares of Cheetah Mobile Inc (ADR) (NYSE: CMCM) have certain options and there are strict and short deadlines running. Deadline: August 25, 2020. NYSE: CMCM 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 Central District of California the plaintiff alleges on behalf of purchasers of Cheetah Mobile Inc (ADR) (NYSE: CMCM) common shares between March 25, 2019 and February 20, 2020, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 25, 2019 and February 20, 2020, the Defendants failed to disclose to investors that certain of Cheetah Mobile’s apps were not compliant with the terms of its agreements with Google, that, as a result there was a reasonable likelihood that Google would terminate its advertising contracts with the Company, that, as a result of the foregoing, the Company’s ability to attract new users would be adversely impacted, that, as a result, the Company’s revenue was reasonably likely to decline, and that as a result, Defendants’ statements about the Company’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Cheetah Mobile Inc (ADR) (NYSE: CMCM) 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.