Market Overview

Law Offices of Howard G. Smith Announces Extended Class Period in Securities Class Action on Behalf of Cheetah Mobile Inc. Investors (CMCM)


Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased Cheetah Mobile Inc. ("Cheetah"
or the "Company") (NYSE: CMCM)
securities between April 21, 2015 and November 27, 2018, inclusive
(the "Class Period"). Cheetah investors have until January 29,
to file a lead plaintiff motion.

Investors suffering losses on their Cheetah investments are encouraged
to contact the Law Offices of Howard G. Smith to discuss their legal
rights in this class action at 888-638-4847 or by email to

On November 26, 2018, BuzzFeed News reported that
certain Cheetah apps were exploiting user permissions as part of an ad
fraud scheme. Specifically, the article claimed that certain Cheetah
apps "tracked when users downloaded new apps and used this data to
inappropriately claim credit for having caused the download." On this
news, Cheetah's share price fell $3.32 per share, or nearly 37%, over
the next two trading days to close at $5.48 per share on November 27,
2018, thereby injuring investors.

The Complaint filed in this class action alleges that Cheetah, a mobile
internet company, made false and/or misleading statements and/or failed
to disclose that: (1) Cheetah's mobile apps had embedded features, which
were not disclosed, and which tracked when users downloaded new apps;
(2) Cheetah improperly used this data to claim credit for having caused
the downloads; (3) the foregoing features, when discovered, would
foreseeably result in the removal of Cheetah's apps from the Google Play
store; (4) the Company's Class Period revenues were in part the product
of improper conduct and so unsustainable; and (5) Cheetah's public
statements were materially false and misleading at all relevant times.

If you purchased shares of Cheetah, have information or would like to
learn more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by
telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

View Comments and Join the Discussion!