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Baidu, Inc. Message Board

  • council_of_connected08 council_of_connected08 Apr 7, 2008 6:43 PM Flag

    Calling for Investigation + Class Action lawsuit: Bidu shares fraud/manipulation

    Sent a letter to SEC demanding an investigation into the dramatic moves up and down in shares of BIDU. One week the shares are 200, the next week 300. Then all the dramatic 1 day swings from 20-30 points.

    There's major manipulation and this will be investigated. I also have sent a letter to NY federal reserve Marc Olson, SEC head Chris Cox, and David Patterson's assistant.

    Will be interesting to see responses. I will keep everyone posted. No one should be manipulated by a few MM's collaborating to drive shares up and down in dramatic fashion.

    Tomorrow i will be contacting law firms in NY to see if legal action against these hedge funds. I want to see if Manipulation of BIDU stock is legal, and thus will track the hedge funds manipulating the stock and file a class action lawsuit in the state of NY against hedge fund XYZ.

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