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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Baidu, Inc. of Class Action Lawsuit and Upcoming Deadline - BIDU

NEW YORK, Oct. 17, 2020 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Baidu, Inc. A ("Baidu" or the "Company") (NASDAQ: BIDU) and certain of its officers.A  The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-04660, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired Baidu securities between April 8, 2016 and August 13, 2020, both dates inclusive (the "Class Period").A  Plaintiff seeks to recover compensable damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder.If you are a shareholder who purchased Baidu securities during the class period, you have until October 19, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.A  A copy of the Complaint can be obtained at www.pomerantzlaw.com. A  To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.comA or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.A  [Click here for information about joining the class action]A Baidu purports to provide Internet search services in China and internationally.A  It operates through two segments, one of which is iQIYI.A  The iQIYI segment provides online entertainment services, including original and licensed content, membership services, and online advertising services.In November 2012, Baidu obtained the controlling interest in what was then named Qiyi.com, Inc. (now iQIYI, Inc.) ("iQIYI").A  In early 2018, iQIYI held its initial public offering and was listed on the NASDAQ exchange.A  Baidu is still the majority owner of its subsidiary, iQIYI.
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