{"id":8268,"date":"2020-04-30T10:47:23","date_gmt":"2020-04-30T10:47:23","guid":{"rendered":"https:\/\/icrowdnewswire.com\/2020\/04\/30\/baidu-alert-rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-baidu-inc-bidu\/"},"modified":"2020-05-02T10:47:23","modified_gmt":"2020-05-02T10:47:23","slug":"baidu-alert-rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-baidu-inc-bidu","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/04\/30\/baidu-alert-rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-baidu-inc-bidu\/","title":{"rendered":"BAIDU ALERT: ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Baidu, Inc. \u2013 BIDU"},"content":{"rendered":"

NEW YORK<\/span>,  Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Baidu, Inc. (NASDAQ: BIDU) between March 16, 2019<\/span>, and April 7, 2020<\/span>, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Baidu investors under the federal securities laws.<\/p>\n

To join the Baidu class action, go to http:\/\/www.rosenlegal.com\/cases-register-1845.html or call Phillip Kim, Esq.<\/span> toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.<\/p>\n

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.<\/p>\n

According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose: (1) Baidu’s feed services were not in compliance with applicable Chinese regulatory standards; (2) the foregoing noncompliance subjected the Company to a heightened risk of regulatory enforcement, including the removal or suspension of certain of Baidu’s services and products; (3) accordingly, the Company’s revenues derived from its online marketing services were unlikely to be sustainable; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 22, 2020<\/span>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http:\/\/www.rosenlegal.com\/cases-register-1845.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq.<\/span> of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm, on Twitter: https:\/\/twitter.com\/rosen_firm or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/.<\/p>\n

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

\n

See Campaign: <\/strong>http:\/\/www.rosenlegal.com<\/a>
Contact Information:<\/b>
Laurence Rosen, Esq.
\n Phillip Kim, Esq.
\n The Rosen Law Firm, P.A.
\n 275 Madison Avenue, 40th Floor
\n New York, NY 10016
\n Tel: (212) 686-1060
\n Toll Free: (866) 767-3653
\n Fax: (212) 202-3827
\n lrosen@rosenlegal.com
\n pkim@rosenlegal.com
\n cases@rosenlegal.com<\/p>\n

Tags:<\/b>
<\/a>, Wire<\/a>, Legal Newswire<\/a>, United States<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Laurence Rosen, Esq.
\n Phillip Kim, Esq.
\n The Rosen Law Firm, P.A.
\n 275 Madison Avenue, 40th Floor
\n New York, NY 10016
\n Tel: (212) 686-1060
\n Toll Free: (866) 767-3653
\n Fax: (212) 202-3827
\n lrosen@rosenlegal.com
\n pkim@rosenlegal.com
\n cases@rosenlegal.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK,  Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Baidu, Inc. (NASDAQ: BIDU) between March 16, 2019, and April 7, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Baidu investors under the federal securities laws. To join … Continue reading BAIDU ALERT: ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Baidu, Inc. – BIDU<\/span><\/a> Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12,22,54],"tags":[],"class_list":["post-8268","post","type-post","status-publish","format-standard","hentry","category-english","category-legal-newswire","category-united-states","category-wire"],"yoast_head":"\nBAIDU ALERT: ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Baidu, Inc. \u2013 BIDU - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/04\/30\/baidu-alert-rosen-a-leading-law-firm-announces-filing-of-securities-class-action-lawsuit-against-baidu-inc-bidu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BAIDU ALERT: ROSEN, A LEADING LAW FIRM, Announces Filing of Securities Class Action Lawsuit Against Baidu, Inc. \u2013 BIDU - Business\" \/>\n<meta property=\"og:description\" content=\"NEW YORK,  Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Baidu, Inc. 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