NEW YORK, NY / ACCESSWIRE / May 21, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.
Bed Bath & Beyond Inc. (NASDAQ:BBBY)
CONTACT JAKUBOWITZ ABOUT BBBY:
https://claimyourloss.com/securities/bed-bath-beyond-inc-loss-submission-form/?id=6771&from=1
Class Period : October 2, 2019 - February 11, 2020
Lead Plaintiff Deadline : June 15, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) due to “aggressive disposition of inventory,” the Company lacked sufficient inventory in key categories to support holiday sales; (2) the Company’s internal control over inventory levels and financial reporting was not effective; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
Baidu, Inc. (NASDAQ:BIDU)
CONTACT JAKUBOWITZ ABOUT BIDU:
https://claimyourloss.com/securities/baidu-inc-loss-submission-form/?id=6771&from=1
Class Period : March 16, 2019 - April 7, 2020
Lead Plaintiff Deadline : June 22, 2020
The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (i) Baidu’s feed services were not in compliance with applicable Chinese regulatory standards; (ii) the foregoing noncompliance subjected the Company to a heightened risk of regulatory enforcement, including the removal or suspension of certain of Baidu’s services and products; (iii) accordingly, the Company’s revenues derived from online marketing services were unlikely to be sustainable; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.
iQIYI, Inc. (NASDAQ:IQ)
CONTACT JAKUBOWITZ ABOUT IQ:
https://claimyourloss.com/securities/iqiyi-inc-loss-submission-form/?id=6771&from=1
The IQ lawsuit is on behalf of persons and entities other than Defendants that purchased or otherwise acquired: (a) iQIYI American Depository Shares pursuant and/or traceable to the Company’s initial public offering conducted on or about March 29, 2018; or (b) iQIYI securities between March 29, 2018, and April 7, 2020.
Lead Plaintiff Deadline : June 15, 2020
The filed complaint alleges that defendants made materially 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’ public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
SOURCE: Jakubowitz Law
View source version on accesswire.com:
https://www.accesswire.com/590933/LAWSUITS-FILED-AGAINST-BBBY-BIDU-and-IQ--JAKUBOWITZ-LAW-PURSUES-SHAREHOLDERS-CLAIMS
