An investigation on behalf of current long term investors in Cheetah Mobile Inc (ADR) (NYSE:CMCM) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 10/05/2020 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Cheetah Mobile Inc.
Investors who are current long term investors in Cheetah Mobile Inc (ADR) (NYSE: CMCM) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NYSE: CMCM stocks follows a lawsuit filed against Cheetah Mobile Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: CMCM stocks, concerns whether certain Cheetah Mobile Inc (ADR) directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that certain of Cheetah Mobile's apps were not compliant with the terms of its agreements with Google, that, as a result there was a reasonable likelihood that Google would terminate its advertising contracts with the Company, that, as a result of the foregoing, the Company's ability to attract new users would be adversely impacted, that, as a result, the Company's revenue was reasonably likely to decline, and that as a result, Defendants' statements about the Company's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of Cheetah Mobile Inc (ADR) (NYSE: CMCM) have certain options and should contact the Shareholders Foundation.
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