NEW YORK, Nov. 29, 2018 /CNW/ -- Pomerantz LLP is
investigating claims on behalf of investors of Cheetah Mobile Inc. ("Cheetah Mobile" or the "Company")
(NYSE: CMCM). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Cheetah Mobile and certain of its officers and/or directors have engaged in securities
fraud or other unlawful business practices.
[Click here
to join a class action]
On November 26, 2018, BuzzFeed News reported that certain Cheetah Mobile apps available
for download from the Google Play store "have been exploiting user permissions as part of an ad fraud scheme that could have
stolen millions of dollars." The BuzzFeed News 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."
Following this news, Cheetah Mobile's American depositary receipt price fell $2.68, or 32.84%,
to close at $5.48 on November 27, 2018.
The Pomerantz Firm, with offices in New York, Chicago,
Los Angeles, and Paris, is acknowledged as one of the premier
firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham
L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class
actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights
of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous
multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980
View original content:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-cheetah-mobile-inc---cmcm-300757931.html
SOURCE Pomerantz LLP
View original content: http://www.newswire.ca/en/releases/archive/November2018/29/c2720.html