WHY:
New York, NY – 
(NewMediaWire) – January 19, 2022 – Rosen
Law Firm, a global investor rights law firm, reminds purchasers of the
securities of iQIYI, Inc. (NASDAQ:
IQ) between March 22, 2021 and March 29, 2021, inclusive (the “Class Period”), of the important January
31, 2022 lead plaintiff deadline.
SO WHAT: If you purchased iQIYI 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 iQIYI class action, go to http://www.rosenlegal.com/cases-register-2220.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 January 31,
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
lawsuit, Goldman Sachs Group Inc. and Morgan Stanley sold a large number of iQIYI
American Depository Receipts (ADRs) during the Class Period while in possession
of material non-public information. The defendants knew that Archegos Capital
Management, at the time a family office with $10 billion under management,
would need to fully liquidate its position in iQIYI because of margin call
pressures. As a result of these sales, the defendants in the case, Goldman
Sachs and Morgan Stanley, avoided billions in losses combined.
To join the iQIYI class action, go to http://www.rosenlegal.com/cases-register-2220.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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or on Facebook: https://www.facebook.com/rosenlawfirm/.
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
View the original release on www.newmediawire.com