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Stock impact report

Labaton Sucharow LLP Files Securities Class Action Lawsuit Against iQIYI, Inc. and Certain Executives

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Labaton Sucharow LLP (“Labaton Sucharow”) announces that on April 17, 2020, it filed a securities class action lawsuit, captioned Shiferaw v. iQIYI, Inc., No. 20-cv-3115 (S.D.N.Y.) (the “Action”), on behalf of its client Sintayehu Shiferaw (“Shiferaw”) against iQIYI, Inc. (“iQIYI” or the “Company”) (NASDAQ: IQ) and certain executive officers (collectively, “Defendants”). The Action asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and SEC Rule 10b-5 promulgated thereunder, on behalf of all persons or entities who purchased or otherwise acquired iQIYI’s securities between March 29, 2018 through April 7, 2020, both dates inclusive (the “Class Period”), who were damaged thereby (the “Class”).iQIYI operates a Chinese online streaming platform which is currently one of the largest video-based websites in the world, with on-demand video content. The Company generates its revenue primarily from membership Show less Read more
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