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Company Name: iQIYI, Inc.
Stock Symbol: NASDAQGS: IQ
Class Period Start: 03/29/2018
Class Period End (inclusive): 03/29/2018
Filing Deadline: 06/15/2020
Court: Eastern District of New York

Case Details

Barbuto & Johansson, P.A., reminds investors that they have until June 15, 2020 to file lead plaintiff applications in a securities class action lawsuit against iQIYI, Inc. (NASDAQGS: IQ). IQIYI and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. On April 7, 2020, Wolfpack Research reported that the Company had misled investors and failed to disclose pertinent information generally and in its Registration Statement, including that it had overstated its user numbers by approximately 42%-60%, inflated its revenues by approximately 27%-44%, inflated expenses and prices of assets to conceal its revenue inflation, and issued misleading financial reporting creating the appearance of a cash generative company. On this news, the price of iQIYI’s shares declined, injuring investors. If you purchased securities of iQIYI and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact the Firm's Managing Partner, Anthony Barbuto, toll-free at 1-888-715-2520 or via email (anthony@barjolaw.com), or fill out the form on this page. The first filed case is Lee v. Iqiyi, Inc. et al, 20cv1830.  Click here to read the first complaint filed.