On July 20, 2020, the Hon. Lucy H. Koh of the Northern District of California approved the selection of KSF as Lead Counsel for the putative class in Ikeda v. Baidu, Inc., No. 5:20-cv-2768 (N.D. Cal). Plaintiff alleges that, throughout the Class Period (March 16, 2019 through April 7, 2020, inclusive), Defendants made materially misleading statements about Baidu’s news feed services. When the truth was revealed, Baidu’s share price dropped by $4.46 per share, damaging shareholders.