BAIDU ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Baidu, Inc. and Encourages Investors to Contact the Firm

NEW YORK–(BUSINESS WIRE) – Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, reminds investors that a class action lawsuit has been filed against Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU) in the United States States District Court for the Southern District of New York on behalf of all individuals and legal entities who purchased or otherwise acquired Baidu securities between March 22, 2021 and March 29, 2021, both days inclusive (the “Collective Period”) . Investors have until February 14, 2022 to apply to the court for appointment as lead plaintiff in the litigation.

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The lawsuit alleges that during the class action period, defendants were in possession of material non-public information and were acting about Archegos and its need to completely liquidate its position with the company due to pressure on margin calls. While in possession of material, nonpublic, adverse information, the defendants collectively sold billions of dollars worth of shares in the company. Later, when the information became public, the company’s common stock fell sharply as a result of this disclosure.

If you have bought or otherwise acquired Baidu stock and have suffered a loss, are a long-term shareholder, have information, want to learn more about these claims, or have questions about this release or your rights or interests in relation to these matters, please contact Brandon Walker or Alexandra Raymond via email at [email protected], phone at (212) 355-4648 or fill out this contact form. There are no costs or obligations for you.

About Bragar Eagle & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. More information about the company can be found at www.bespc.com. Lawyer advertising. Previous results do not guarantee similar results.