TOP RANKING LAW FIRM ROSEN Encourages Losing Baidu Inc. Investors to Obtain Lawyer Before Important February 14 Deadline in Securities Class Action
NEW YORK, 23 December 2021 / PRNewswire / –
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of buyers of securities of Baidu Inc. (NASDAQ: BIDU) between March 22, 2021 and March 29, 2021, inclusive (the âClass Periodâ). A class action has already been filed. If you wish to act as the principal applicant, you must apply to the Court not later than February 14, 2022.
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, visit http://www.rosenlegal.com/cases-register-2228.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [emailÂ protected] Where [emailÂ protected] for more 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 not 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 providing reviews do not have comparable experience, resources or peer recognition. 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 achieved more than $ 438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as Titan of the Plaintiff’s 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. The defendants Goldman Sachs and Morgan Stanley were aware that Archegos Capital Management, a family office with 10 billion dollars under management, is expected to fully 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, visit http://www.rosenlegal.com/cases-register-2228.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [emailÂ protected] Where [emailÂ protected] for more 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 board 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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Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York State 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, PA