EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Cheetah Mobile Inc. –
CMCM
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of
shareholders of Cheetah Mobile Inc. (NYSE:CMCM) resulting from allegations that Cheetah Mobile may have issued materially
misleading business information to the investing public.
On November 26, 2018, BuzzFeed News reported that certain Cheetah Mobile apps found in the Google Play store have
been exploiting user permissions as part of an ad fraud scheme. The BuzzFeed article stated that Cheetah Mobile’s apps
“tracked when users downloaded new apps and used this data to inappropriately claim credit for having caused the download.”
According to the article, two of Cheetah Mobile’s apps were removed from the Google Play store after publication of the
BuzzFeed article. On this news, Cheetah Mobile’s stock 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.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Cheetah Mobile investors. If you purchased
shares of Cheetah Mobile please visit the firm’s website at
https://www.rosenlegal.com/cases-1224.html to join the class action. You may also contact Phillip Kim or Zachary Halper of
Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or zhalper@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder
derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class
action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
zhalper@rosenlegal.com
www.rosenlegal.com
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