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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Baidu, Inc. - BIDU

NEW YORK, Aug. 19, 2020 /PRNewswire/ --A Pomerantz LLP is investigating claims on behalf of investors ofA Baidu, Inc. ("Baidu" or the "Company")A (NASDAQ:A BIDU).A  Such investors are advised to contact Robert S. Willoughby at A newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Baidu and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.A  [Click here for information about joining the class action]On August 13, 2020, Baidu's iQIYI unit issued a press release announcing its financial results for the second quarter of 2020.A  Among other results, iQIYI disclosed that the Securities and Exchange Commission's Division of Enforcement "is seeking the production of certain financial and operating records dating from January 1, 2018, as well as documents related to certain acquisitions and investments that were identified in a report issued by short-seller firm Wolfpack Research in April 2020."A  On this news, Baidu's American depositary receipt ("ADR") price fell $7.83 per ADR, or 6.29%, to close at $116.74 per ADR on August 14, 2020.
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