NEW YORK, NY / ACCESSWIRE / May 20, 2020 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of certain shareholders in the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. There will be no obligation or cost to you.
Zoom Video Communications, Inc. (ZM)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/zoom-video-communications-inc-loss-submission-form?prid=6709&wire=1
Lead Plaintiff Deadline: June 8, 2020
Class Period: April 18, 2019 - April 6, 2020
Allegations against ZM include that: (i) Zoom had inadequate data privacy and security measures; (ii) contrary to Zoom's assertions, the Company's video communications service was not end-to-end encrypted; (iii) as a result of all the foregoing, users of Zoom's communications services were at an increased risk of having their personal information accessed by unauthorized parties, including Facebook; (iv) usage of the Company's video communications services was foreseeably likely to decline when the foregoing facts came to light; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
GSX Techedu Inc. (GSX)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/gsx-techedu-inc-loss-submission-form?prid=6709&wire=1
Lead Plaintiff Deadline: June 16, 2020
Class Period: June 6, 2019 - April 13, 2020
Allegations against GSX include that: (i) GSX overstated its profitability, revenue, student enrollment figures, teacher qualifications, and teacher selection process; (ii) the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Baidu, Inc. (BIDU)
If you suffered a loss, contact us at: http://www.wongesq.com/pslra-1/baidu-inc-loss-submission-form?prid=6709&wire=1
Lead Plaintiff Deadline: June 22, 2020
Class Period: March 16, 2019 - April 7, 2020
Allegations against BIDU include 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 contact Vincent Wong, Esq. either via email email@example.com or by telephone at 212.425.1140.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
Vincent Wong, Esq.
39 East Broadway
New York, NY 10002
SOURCE: The Law Offices of Vincent Wong
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