iQIYI, INC. DEADLINE ALERT: The Law Firm of Barbuto & Johansson, P.A. Reminds Investors of the Upcoming Deadline in the Pending Lawsuit Against iQIYI, Inc. and Encourages Shareholders with Losses Exceeding $100,000 to Contact the Firm
Wellington, Florida--(Newsfile Corp. - June 9, 2020) - Barbuto & Johansson, P.A. ("BARJO" or the "Firm") and Of Counsel, Neil Rothstein, Esq. (with over 30 years of Securities Class Action experience, including cases against ENRON and HALLIBURTON), remind investors that they have until June 15, 2020 to file lead plaintiff applications in the securities class action lawsuit filed against iQIYI, Inc. (NASDAQ: IQ). Shareholders with losses exceeding $100,000 are encouraged to contact the Firm to discuss their options.
According to the lawsuit, during the Class Period of March 29, 2018 through April 7 2020, inclusive, iQIYI materially misled the investing public regarding its business and operations. It is alleged, in part, that during such period, iQIYI failed to disclose that the Company inflated its revenue figures and user numbers, and inflated its expenses to cover up a fraud. On April 7, 2020, Wolfpack Research released a report detailing, among other things, how iQIYI had misled investors and failed to disclose pertinent information generally and in its Registration Statement.
PLEASE NOTE: BARBUTO & JOHANSSON, P.A. RECOMMENDS THAT SHAREHOLDERS WITH LOSSES EXCEEDING $100,000 CONTACT THE FIRM. Applications for Lead Plaintiff are due on June 15, 2020.
If you purchased shares in iQIYI, Inc. within the period set forth above, you may, at no obligation or cost, contact the Firm's Managing Partner, Anthony Barbuto, at (888) 715-2520 or via email at firstname.lastname@example.org; or Neil Rothstein by email at email@example.com. Shareholders can also fill out the online form on the Firm's website. BARJO believes strongly that the choice of a qualified Lead Plaintiff can have a significant impact on the successful outcome of a case.
Barbuto & Johansson, P.A.
Anthony Barbuto, Esq.
12773 Forest Hill Blvd., 101
Wellington, FL 33414
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