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Baidu, Inc.

Securities Class Action

  • Date:
  • 2/14/2022
  • Company Name:
  • Baidu, Inc.
  • Stock Symbol:
  • BIDU
  • Class Period:
  • FROM 3/22/2021 TO 3/29/2021
  • Status:
  • Filed

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Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Baidu securities between March 22, 2021 and March 29, 2021, both dates inclusive (the “Class Period”). Investors have until February 14, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
 

The complaint alleges that throughout the Class Period, Defendants traded while in possession of material non-public information and about Archegos and its need to fully liquidate its position in the Company because of margin call pressure. While in possession of material, non-public adverse information, Defendants collectively sold billions of dollars' worth of Company shares. Later, when the information became publicly known, the price of the Company's common stock declined sharply as a result of such disclosure.
 

If you purchased or otherwise acquired Baidu shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out the form below.  There is no cost or obligation to you.

The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Baidu. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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