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CLASS ACTION UPDATE for AAN, BIDU and IQ: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / April 23, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Aarons, Inc. (AAN)
AAN Lawsuit on behalf of:
investors who purchased March 2, 2018 - February 19, 2020
Lead Plaintiff Deadline: April 28, 2020
Join the action: https://www.zlk.com/pslra-1/aarons-inc-loss-form?wire=3&prid=6158

The lawsuit alleges: Aarons, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Aaron's had inadequate disclosure controls, procedures, and compliance measures; (ii) consequently, the operations of Aaron's Progressive Leasing ("Progressive") and Aaron's Business ("AB") segments were in violation of the Federal Trade Commission ("FTC") Act and/or relevant FTC regulations; (iii) consequently, Aaron's earnings from those segments were partially derived from unlawful business practices and were thus unsustainable; (iv) the full extent of Aaron's liability regarding the FTC's investigation into its Progressive and AB segments, Aaron's noncompliance with the FTC Act, and the likely negative consequences of all the foregoing on the Company's financial results; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more about the Aarons, Inc. class action, contact jlevi@levikorsinsky.com.

Baidu, Inc. (BIDU)
BIDU Lawsuit on behalf of:
investors who purchased March 16, 2019 - April 7, 2020
Lead Plaintiff Deadline: June 22, 2020
Join the action: https://www.zlk.com/pslra-1/baidu-inc-information-request-form?wire=3&prid=6158

The lawsuit alleges: Baidu, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (i) Baidu's feed services were not in compliance with applicable Chinese regulatory standards; (ii) the foregoing noncompliance subjected the Company to a heightened risk of regulatory enforcement, including the removal or suspension of certain of Baidu's services and products; (iii) accordingly, the Company's revenues derived from online marketing services were unlikely to be sustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more about the Baidu, Inc. class action, contact jlevi@levikorsinsky.com.

iQIYI, Inc. (IQ)
IQ Lawsuit on behalf of:
investors who purchased March 29, 2018 - April 7, 2020
Lead Plaintiff Deadline: June 15, 2020
Join the action: https://www.zlk.com/pslra-1/iqiyi-inc-loss-form?wire=3&prid=6158

The lawsuit alleges that, during the class period, iQIYI, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) iQIYI inflated its revenue figures; (2) iQIYI inflated its user numbers; (3) iQIYI inflated its expenses to cover up other fraud; and (4) as a result, Defendants' public statements were materially false and misleading at all relevant times.

To learn more about the iQIYI, Inc. class action, contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request 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 nationally recognized 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
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP



View source version on accesswire.com:
https://www.accesswire.com/586667/CLASS-ACTION-UPDATE-for-AAN-BIDU-and-IQ-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders