Did You Purchase or Otherwise Acquire Baidu Securities Between November 18, 2025 and August 17, 2026?
A securities class action has been filed on behalf of investors who purchased or otherwise acquired securities of Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU), including call options, between November 18, 2025 and August 17, 2026, inclusive (the “Class Period”), and who were damaged thereby.
The action is captioned Rosewood Funeral Home Inc. v. Baidu, Inc., et al., Case No. 1:26-cv-08012, and was filed on September 14, 2026 in the U.S. District Court for the Southern District of New York. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
What Does the Complaint Allege?
The complaint alleges that Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company had overstated the ability of its AI business to mitigate rapid declines in its legacy online marketing business; (2) as a result, the Company’s revenue was reasonably likely to decline; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
BIDU Stock Declines Following Disclosures
The complaint alleges that on February 26, 2026, Baidu reported fourth-quarter and full-year 2025 financial results showing year-over-year revenue declines. Baidu ADS fell $7.50 per share, or 5.65%, to close at $125.15 per share that day.
The complaint further alleges that on August 18, 2026, Baidu reported second-quarter 2026 results showing continued declines in its legacy business and a quarter-over-quarter decline in its Core AI-powered business. Baidu ADS fell $13.25 per share, or 12.73%, to close at $90.87 per share that day.
November 13, 2026 Lead Plaintiff Deadline
The deadline to seek appointment as lead plaintiff is November 13, 2026. You do not need to seek appointment as lead plaintiff to remain a member of the proposed class.
Baidu Investors: Contact Kehoe Law Firm
If you purchased or otherwise acquired Baidu securities, including call options, between November 18, 2025 and August 17, 2026, inclusive, you are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to discuss your potential legal rights.
For a free, no-obligation legal evaluation, contact:
Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.
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