Categories: Wire Stories

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages iQIYI, Inc. Investors to Secure Counsel Before Important January 31 Deadline in Securities Class Action � IQ

NEW YORK–(BUSINESS WIRE)–#IQWHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of iQIYI, Inc. (NASDAQ: IQ) between March 22, 2021 and March 29, 2021, inclusive (the �Class Period”), of the important January 31, 2022 lead plaintiff deadline.

SO WHAT: If you purchased iQIYI securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the iQIYI class action, go to http://www.rosenlegal.com/cases-register-2220.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 31, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, Goldman Sachs Group Inc. and Morgan Stanley sold a large number of iQIYI American Depository Receipts (ADRs) during the Class Period while in possession of material non-public information. The defendants knew that Archegos Capital Management, at the time a family office with $10 billion under management, would need to fully liquidate its position in iQIYI because of margin call pressures. As a result of these sales, the defendants in the case, Goldman Sachs and Morgan Stanley, avoided billions in losses combined.

To join the iQIYI class action, go to http://www.rosenlegal.com/cases-register-2220.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contacts

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com
cases@rosenlegal.com
pkim@rosenlegal.com
www.rosenlegal.com

Alex

Recent Posts

World View Expands into Indo-Pacific with $25M Strategic Investment

Breakthrough Victoria investment fuels second stratospheric headquarters in Melbourne TUCSON, Ariz.--(BUSINESS WIRE)--#breakthroughvictoria--World View, a global…

27 mins ago

FORVIA and L&T Technology Services Agree Strategic Partnership on Ultra-low Emissions Engineering in Germany and India

NANTERRE, France & BANGALORE, India--(BUSINESS WIRE)--$LTTS #AutomotiveTechnology--L&T Technology Services (BSE: 540115, NSE: LTTS), a leading…

28 mins ago

Thinktank Group Gets Customized White Label and Brand Insights with 8×8

8x8 Enables Thinktank Group to Create Tailored Contact Center Processes to Support its White Label…

29 mins ago

Syniverse to Explore the Future of Connectivity at 2024 Acceleration Exchange Conference

Ongoing 5G transition, trends in mobility and messaging in focus at industry event in Bangkok…

30 mins ago

Ora and Singapore Eye Research Institute Unveil Groundbreaking Partnership to Propel Ophthalmology Innovation Globally

BOSTON & SINGAPORE--(BUSINESS WIRE)--#innovation--Ora, Inc., the foremost global ophthalmology contract research organization (CRO), today announced…

31 mins ago

ENDRA Life Sciences Strengthens Intellectual Property with Issuance of Five New International Patents

ENDRA’s IP Portfolio Reaches Milestone of 80 Issued Patents ANN ARBOR, Mich.--(BUSINESS WIRE)--$NDRA #NALFD--ENDRA Life…

1 hour ago