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Class Action News

Levi & Korsinsky Announces Cheetah Mobile Lawsuit; CMCM Class Action

Levi & Korsinsky

December 5, 2018

NEW YORK, December 5, 2018 – Levi & Korsinsky, LLP announces a class action has commenced on behalf of Cheetah Mobile Inc. (“Cheetah Mobile”) (NYSE: CMCM) shareholders who purchased shares between April 26, 2017 and November 27, 2018. You are hereby notified that the Cheetah Mobile lawsuit has been commenced in the United States District Court for the Southern District of New York. To get more information about the CMCM class action go to: https://www.zlk.com/pslra-1/cheetah-mobile-inc-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The Cheetah Mobile lawsuit alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Cheetah Mobile’s apps had undisclosed imbedded features which tracked when users downloaded new apps; (2) Cheetah Mobile used this data to inappropriately claim credit for having caused the downloads; (3) the foregoing features, when discovered, would foreseeably subject Cheetah Mobile’s apps to removal from the Google Play store; (4) accordingly, Cheetah Mobile’s revenues during the relevant period were in part the product of improper conduct and thus unsustainable; and (5) as a result, Cheetah Mobile’s public statements were materially false and misleading at all relevant times.

If you suffered a loss in Cheetah Mobile you have until January 29, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Toll Free: (877) 363-5972

Fax: (212) 363-7171

www.zlk.com