On or around 08/19/2020 (Date of last review)
Filing Date: August 19, 2020
According to the Complaint, Baidu, Inc. purports to provide Internet search services in China and internationally. It operates through two segments, one of which is iQIYI. The iQIYI segment provides online entertainment service, including original and licensed content; membership services; and online advertising services. The Company was formerly known as Baidu.com, Inc. and changed its name to Baidu, Inc. in December 2008.
The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Baidu misrepresented the financial and business condition of iQIYI; (2) iQIYI had inadequate controls; and (3) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times. According to the Complaint, these true details were disclosed by a market research firm.
Company & Securities Information
Defendant: Baidu, Inc.
Industry: Communications Services
Ticker Symbol: BIDU
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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First Identified Complaint
Ganesan Alagappan, et al. v. Baidu, Inc., et al.
COURT: E.D. New York
DOCKET #: 20-CV-03794
JUDGE: Hon. Roslynn R. Mauskopf
DATE FILED: 08/19/2020
CLASS PERIOD START: 04/08/2016
CLASS PERIOD END: 08/13/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
The Rosen Law Firm, P.A. (NY)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violation of the Federal Securities Laws
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available