Shareholders Foundation, Inc.

Baidu, Inc. (NASDAQ:BIDU) Long Term Investor Alert: Investigation of Potential Wrongdoing

An investigation on behalf of investors in Baidu, Inc. (NASDAQ:BIDU) shares over possible breaches of fiduciary duty by certain officers and directors was announced.


San Diego, CA -- (SBWIRE) -- 08/18/2020 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Baidu, Inc.

Investors who are current long term investors in Baidu, Inc. (NASDAQ: BIDU) shares, have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NASDAQ: BIDU stocks follows a lawsuit filed against Baidu, Inc. over alleged securities laws violations. The investigation on behalf of investors in NASDAQ: BIDU stocks, concerns whether certain Baidu, Inc. directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Baidu's feed services were not in compliance with applicable Chinese regulatory standards, that 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, that accordingly, the Company's revenues derived from its online marketing services were unlikely to be sustainable, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of Baidu, Inc. (NASDAQ: BIDU) have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.