A lawsuit was filed on behalf of investors in Cheetah Mobile Inc (ADR) (NYSE:CMCM) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 12/04/2017 -- An investor in NYSE:CMCM shares filed a lawsuit over alleged violations of Federal Securities Laws by Cheetah Mobile Inc.
Investors who purchased a shares of Cheetah Mobile Inc (ADR) (NYSE:CMCM) have certain options and for certain investors are short and strict deadlines running. Deadline: January 8, 2018. NYSE:CMCM investors should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The plaintiff alleges on behalf of purchasers of Cheetah Mobile Inc (ADR) (NYSE:CMCM) common shares between April 26, 2017 and October 25, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 26, 2017 and October 25, 2017, the defendants made false and/or misleading statements and/or failed to disclose that Cheetah Mobile is using company-controlled accounts to inflate the gifting on Live.me, that Cheetah Mobile overstated its revenue, and that as a result, Cheetah Mobile's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Cheetah Mobile Inc (ADR) (NYSE:CMCM) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego