WHY: WHY: New York, NY – 
(NewMediaWire) – February 02, 2022 – Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Baidu Inc. (NASDAQ: BIDU) between March 22, 2021 and March 29, 2021, inclusive (the “Class Period”), of the important February 14, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Baidu securities during the Class
Period you may be entitled to compensation without payment of any out of pocket
fees or costs through a contingency fee arrangement.
WHAT TO
DO NEXT: To join
the Baidu class action, go to http://www.rosenlegal.com/cases-register-2228.html
or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on
the class action. A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than February 14,
2022. A lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation.
WHY
ROSEN LAW: We encourage investors to
select qualified counsel with a track record of success in leadership roles.
Often, firms issuing notices do not have comparable experience, resources or
any meaningful peer recognition. Many of these
firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents
investors throughout the globe, concentrating its practice in securities class
actions and shareholder derivative litigation. Rosen Law Firm has achieved the
largest ever securities class action settlement against a Chinese Company.
Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for
number of securities class action settlements in 2017. The firm has been ranked
in the top 4 each year since 2013 and has recovered hundreds of millions of
dollars for investors. In 2019 alone the firm secured over $438 million for
investors. In 2020, founding partner Laurence Rosen was named by law360 as a
Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by
Lawdragon and Super Lawyers.
DETAILS
OF THE CASE: 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 need to fully
liquidate its position in Baidu because of margin call pressure. As a result of
these sales, Goldman Sachs and Morgan Stanley avoided billions in losses
combined and the price of Baidu’s stock declined sharply, damaging investors.
To join the Baidu
class action, go to http://www.rosenlegal.com/cases-register-2228.html
or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on
the class action.
No Class Has Been
Certified. Until a class is certified, you are not represented by counsel
unless you retain one. You may select counsel of your choice. You may also remain
an absent class member and do nothing at this point. An investor’s ability to
share in any potential future recovery is not dependent upon serving as lead
plaintiff.
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Attorney Advertising. Prior
results do not guarantee a similar outcome.
——————————-
Contact
Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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