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iQIYI, Inc. : American Depositary Shares

Case Summary

iQIYI, Inc. : American Depositary Shares Securities Litigation

Case Summary

Case Status:    ONGOING    
On or around 04/17/2020 (Date of last review)

Filing Date: April 16, 2020

According to the Complaint, iQIYI, Inc. purports to be an innovative market-leading online entertainment service in China.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Company & Securities Information

Defendant: iQIYI, Inc.

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: China

SECURITIES INFORMATION:

Ticker Symbol: IQ
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.

First Identified Complaint

Jean Lee, et al. v. iQIYI, Inc., et al.

COURT: E.D. New York
DOCKET #: 20-CV-01830
JUDGE: Hon. LaShann DeArcy Hall
DATE FILED: 04/16/2020
CLASS PERIOD START: 03/29/2018
CLASS PERIOD END: 04/07/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm, P.A. (NY)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violation of the Federal Securities Laws 04/16/2020
2 U.S. District Court Civil Docket 04/17/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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