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Baidu Inc. Loss Submission Form

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An attorney-client relationship is not created with the submission of this form, nor an obligation on the part of Levi & Korsinsky or you to file a lead plaintiff motion in this matter . The information you submit is held as confidential. If, in its sole discretion, Levi & Korsinsky believes that you might be an appropriate lead plaintiff candidate, Levi & Korsinsky will contact you to discuss the matter and whether to establish an attorney client relationship. By submitting this form, you are authorizing us to contact you regarding this case and/or future cases. Additionally, by submitting this form, you agree to receive an email providing you with login details for CORE (Compensation Recovery Monitoring System) to help you monitor and track your securities. This is a complimentary service. Thank you for submitting your details to Levi & Korsinsky.

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Levi & Korsinsky, LLP announces that a BIDU class action lawsuit has been filed on behalf of investors who purchased Baidu Inc. (BIDU) securities between March 22, 2021 and March 29, 2021. For more on the BIDU Lawsuit please contact us today.

According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: Goldman Sachs Group Inc. and Morgan Stanley sold a large number of Baidu shares while in possession of material non-public information. The defendants knew that Archegos Capital Management would need to fully liquidate its position in Baidu based on margin call pressures. The defendants avoided billions in losses by selling the Company’s shares while in possession of this information. When the market learned the truth about Baidu, investors suffered damages.

If you suffered a loss in you have until February 14, 2022 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.

Nicholas I. Porritt Partner

Nicholas I. Porritt, Partner

Mr. Porritt prosecutes securities class actions, shareholder class actions, derivative actions, and mergers and acquisitions litigations. As a qualified Solicitor of the Senior Courts of England & Wales, he advises international clients on the recovery of losses suffered in their investment portfolios.
Shannon L. Hopkins Partner

Shannon L. Hopkins, Partner

Ms. Hopkins manages the Firm’s Connecticut office. She has prosecuted a wide range of class action matters for over a decade, helping to recover millions in settlements on behalf of shareholders. Ms. Hopkins is also a Certified Public Accountant.
Joseph E. Levi Founding Partner

Joseph E. Levi, Founding Partner

Mr. Levi is a central figure in shaping and managing the Firm’s securities litigation practice. In addition to his efforts on behalf of shareholders, he has represented numerous patent holders in enforcing their patent rights.
Eduard Korsinsky Founding Partner

Eduard Korsinsky, Founding Partner

Mr. Korsinsky is a Managing Partner of the Firm. He has served as an Editor of the American Bar Association’s Securities Litigation Section newsletter. He represents clients in securities cases, derivative actions, consumer fraud and complex commercial matters.
Donald J. Enright Partner

Donald J. Enright, Partner

Mr. Enright’s practice focuses on shareholder mergers and acquisitions and securities fraud class action litigation. He has also handled matters in commodities, consumer fraud, and commercial litigation. He has served in a leadership role in numerous actions, yielding multi-million dollar recoveries for shareholder classes.

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