Baidu, Inc.
Company Name | Baidu, Inc. |
Stock Symbol | BIDU |
Class Period | April 08, 2016 to August 13, 2020 |
Lead Plaintiff Motion Deadline | October 19, 2020 |
On August 13, 2020, after the market closed, iQIYI announced that the U.S. Securities & Exchange Commission sought “the production of certain financial and operating records dating from January 1, 2018, as well as documents related to certain acquisitions and investments that were identified in a report issued by short-seller firm Wolfpack Research in April 2020.” Baidu founded iQIYI in 2010 and currently owns a 56% controlling interest in iQIYI.
On this news, the Company’s shares fell as much as $8.51, or nearly 7%, during intraday trading on August 14, 2020.
Submit Your Information
If you suffered a loss on your Baidu, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filing out this form mean you have joined any lawsuit.