New York, New York--(Newsfile Corp. - September 24, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Baidu, Inc. (NASDAQ: BIDU) alleging that the Company violated federal securities laws.
Class Period: April 8, 2016 and August 13, 2020
Lead Plaintiff Deadline: October 19, 2020
Learn more about your recoverable losses in BIDU:
The filed complaint alleges that Baidu, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Baidu misrepresented the financial and business condition of iQIYI; (2) iQIYI had inadequate controls; and (3) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
Shareholders have until October 19, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the BIDU lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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