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In Re: iQIYI, Inc. Securities Litigation
Case Number:
1:20-cv-01830
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Bartko Pavia
- Calcaterra Pollack
- Glancy Prongay
- Kahn Swick
- Labaton Keller
- Levi & Korsinsky
- O'Melveny & Myers
- Pomerantz LLP
- Robbins Geller
- Skadden Arps
- Wolf Haldenstein
Companies
- Baidu Inc.
- Bank of America Corp.
- Citigroup Inc.
- Credit Suisse Group AG
- The Goldman Sachs Group Inc.
- UBS Group AG
Sectors & Industries:
-
October 02, 2024
'Netflix Of China' Beats Investor Suit Over Inflated User Claims
China-based streaming service iQIYI, dubbed the "Netflix of China," and another streaming service, Baidu Inc., have beaten proposed shareholder class action suits alleging the companies falsely beefed up iQIYI's user metrics, causing stock price drops when the truth was later revealed in a short seller report.
-
April 28, 2020
Chinese Media Co. Accused Of Double-Digit Revenue Inflation
Chinese streaming giant iQIYI misled shareholders by inflating its revenue and number of users by up to 44% and 60%, respectively, leading to a fall in its stock price when the truth was revealed, according to a series of lawsuits against the company in California and New York federal court.