NEW YORK–(COMMERCIAL THREAD) –WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of securities of Baidu Inc. (NASDAQ: BIDU) between March 22, 2021 and March 29, 2021 inclusive (the “Class Period”) the importance February 14, 2022 lead applicant time limit.
SO WHAT: If you purchased Baidu securities during the Class Period, you may be entitled to compensation without payment of any fees or charges through a contingency fee agreement.
WHAT TO DO NEXT: To join the Baidu class action lawsuit, go to http://www.rosenlegal.com/cases-register-2228.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action has already been filed. If you wish to act as the principal applicant, you must apply to the Court no later than February 14, 2022. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing opinions do not have significant experience, resources or recognition by their peers. Many of these companies do not actually litigate class actions in securities. Be wise in choosing a lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the complaint, Goldman Sachs Group Inc. (“Goldman Sachs”) and Morgan Stanley sold a large number of Baidu shares during the Class Period while in possession of material non-public information. Defendants Goldman Sachs and Morgan Stanley knew that Archegos Capital Management, a family office with $ 10 billion under management, would have to completely liquidate its position in Baidu due to pressure from margin calls. As a result of the sales, Goldman Sachs and Morgan Stanley avoided billions in combined losses, and Baidu’s stock price fell sharply, hurting investors.
To join the Baidu class action lawsuit, go to http://www.rosenlegal.com/cases-register-2228.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a principal applicant.
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