Investors Who Acquired Baidu Securities Between March 22, 2021 And March 29, 2021 Are Encouraged To Contact Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of shareholders of Baidu, Inc. (“Baidu” or the “Company”) (NASDAQ: BIDU).
The securities investigation concerns the trading by Goldman Sachs and Morgan Stanley in late March 2021 and whether those investment banks traded on material, non-public information by selling large amounts of Baidu stock based on information obtained through their relationship with Archegos Capital Management. The investigation also focuses on whether both banks avoided billions of dollars of losses by selling before the information was publicly available.
Shares of Baidu stock fell significantly during the week of March 22, 2021 to March 29, 2021, thereby injuring investors.