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Lawsuits Filed Against GNUS, BIDU and LOOP - Jakubowitz Law Pursues Shareholders Claims

·2 min read

NEW YORK, NY / ACCESSWIRE / October 15, 2020 / Jakubowitz Law announces that securities fraud class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies who purchased shares within the class periods listed below. Shareholders interested in representing the class of wronged shareholders have until the lead plaintiff deadline to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. For more details and to speak with our firm without cost or obligation, follow the links below.

Genius Brands International, Inc (NASDAQ:GNUS)

CONTACT JAKUBOWITZ ABOUT GNUS:
https://claimyourloss.com/securities/genius-brands-international-inc-loss-submission-form/?id=10166&from=1

Class Period: March 17, 2020 - July 5, 2020

Lead Plaintiff Deadline: October 19, 2020

According to the Genius Brands lawsuit, defendants made false and/or misleading statements and/or failed to disclose material information regarding: (i) Nickelodeon's purported broadcast expansion of Genius's Rainbow Rangers cartoon; (ii) subscription fees for the Kartoon Channel!; and (iii) the Company's growth potential and overall prospects as a company.

Baidu, Inc. (NASDAQ:BIDU)

CONTACT JAKUBOWITZ ABOUT BIDU:
https://claimyourloss.com/securities/baidu-inc-loss-submission-form-2/?id=10166&from=1

Class Period: April 8, 2016 - August 13, 2020

Lead Plaintiff Deadline: October 19, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Baidu misrepresented the financial and business condition of iQIYI; (2) iQIYI had inadequate controls; and (3) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Loop Industries, Inc. (NASDAQ:LOOP)

CONTACT JAKUBOWITZ ABOUT LOOP:
https://claimyourloss.com/securities/loop-industries-inc-loss-submission-form/?id=10166&from=1

Class Period: September 24, 2018 - October 12, 2020

Lead Plaintiff Deadline: December 14, 2020

The filed complaint alleges that defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Loop scientists were encouraged to misrepresent the results of Loop's purportedly proprietary process; (2) Loop did not have the technology to break PET down to its base chemicals at a recovery rate of 100%; (3) as a result, the Company was unlikely to realize the purported benefits of Loop's announced partnerships with Indorama Ventures Public Company Limited and thyssenkrupp Industrial Solutions; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

SOURCE: Jakubowitz Law



View source version on accesswire.com:
https://www.accesswire.com/610687/Lawsuits-Filed-Against-GNUS-BIDU-and-LOOP--Jakubowitz-Law-Pursues-Shareholders-Claims