INVESTOR ALERT: Kirby McInerney LLP Announces an Investigation of Shareholder Claims against Cheetah Mobile, Inc.
29 Novembro 2018 - 11:30PM
Business Wire
The law firm of Kirby McInerney LLP is investigating potential
claims against Cheetah Mobile, Inc. (“Cheetah Mobile” or the
“Company”) (NYSE:CMCM). This investigation concerns whether Cheetah
Mobile has violated federal securities laws and/or engaged in other
unlawful business practices.
On November 26, 2018, Buzzfeed News issued a report claiming
that a third-party investigation had identified seven apps owned by
Cheetah Mobile that were exploiting user permissions to
fraudulently generate revenue.
On this news, the price of Cheetah Mobile shares fell by $3.32,
or approximately 37%, over the next two trading days, to close at
$5.48 on November 27, 2018.
If you acquired Cheetah Mobile securities, have information, or
would like to learn more about these claims, please contact Thomas
W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20181129005859/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
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