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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 22, 2020 to file lead plaintiff applications in a securities class action lawsuit against Baidu, Inc. (NasdaqGS: BIDU).
Baidu and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On April 7, 2020, post-market, the Company was ordered by the Cyberspace Administration of China (“CAC”), China’s internet regulator, remove improper information and “low-brow content” from its internet search engine, that the content review on some of its news feed channels was not “strict,” “exerted bad influence to the society,” and violated relevant Chinese laws and regulations.
On this news, the price of Baidu’s shares fell, damaging shareholders.
If you purchased securities of Baidu and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Ikeda v. Baidu, Inc., et al., 20-cv-02768.
Click here to read the first filed complaint.