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Investigation announced for Investors in shares of Cheetah Mobile Inc (ADR) (NYSE: CMCM) over potential Wrongdoing

09-28-2020 11:40 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in Cheetah Mobile Inc (ADR) (NYSE: CMCM) shares.

An investigation on behalf of investors in Cheetah Mobile Inc (ADR) (NYSE: CMCM) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Cheetah Mobile Inc.

Investors who are investors in Cheetah Mobile Inc (ADR) (NYSE: CMCM) 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 NYSE: CMCM stocks follows a lawsuit filed against Cheetah Mobile Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CMCM stocks, concerns whether certain Cheetah Mobile Inc (ADR) 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 Central District of California the plaintiff alleges that 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.

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