SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Baidu, Inc. - BIDU


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


NEW YORK, Jan. 23, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Baidu, Inc. ("Baidu" or the "Company") (NASDAQ: BIDU). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Goldman Sachs Group Inc. ("Goldman Sachs") and/or Morgan Stanley have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

According to media reports, in March 2021, Goldman Sachs and Morgan Stanley confidentially learned that the family office Archegos Capital Management ("Archegos") had failed or was likely to fail to meet a margin call, requiring Archegos to liquidate its position in various companies, including Baidu.  Trading on this non-public information, Goldman Sachs and Morgan Stanley reportedly avoided billions of dollars in losses on their Baidu investments by selling Company securities in late March 2021 before the market learned of Archegos's difficulties.  When this information reached the market, the price of Baidu securities fell sharply, damaging Company investors.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com



27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsLegalPress Releases