Barbuto & Johansson, P.A. Informs Investors of the Pending Class Action Lawsuit Against Baidu, Inc.
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU)
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Source: GlobeNewswire
WELLINGTON, Fla., April 28, 2020 (GLOBE NEWSWIRE) -- Barbuto & Johansson, P.A. (“BARJO”) reminds investors that they have until June 22, 2020 to contact the Firm to learn more about the class action lawsuit filed against Baidu, Inc. (NASDAQGS:BIDU) and appointment and qualifications to be considered for the role of lead plaintiff. Investors with substantial losses are encouraged to contact the Firm. According to the lawsuit, during the Class Period of March 16, 2019 and April 7, 2020, inclusive, Baidu materially misled the investing public regarding its business, operational and compliance policies. Specifically, it is alleged, in part, that during the Class Period, Baidu failed to disclose that its newsfeed services were not in compliance with applicable Chinese regulatory standards and said noncompliance subjected Baidu to a heightened risk of regulatory enforcement. On April 7, 2020, post-market, China’s Internet regulator stated that Baidu’s content review on some of its news
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