July 17, 2020
A Manhattan federal judge on Thursday dismissed a proposed securities class action alleging app developer Cheetah Mobile Inc. hurt investors after it secretly earned revenue by gaming an app-advertising commission system in an effort to fraudulently increase advertising revenue.
September 10, 2019
Four current and former officers of phone and PC app developer Cheetah Mobile Inc. on Monday added to their company's request in New York federal court to end proposed class claims that they deceived investors when the company secretly earned revenue by gaming an app-advertising commission system.
May 17, 2019
A Chinese mobile app developer asked a New York federal court on Thursday to excuse it from a proposed class action accusing the company of lying to investors about faking its download numbers to fraudulently increase advertising revenue, arguing that the shareholders' claims are too vague.