Robbins Arroyo LLP: Cheetah Mobile Inc. (CMCM) Misled Shareholders According to Class Action

SAN DIEGO, Calif. & BEIJING–(BUSINESS WIRE)–$CMCM #ClassAction–Shareholder rights law firm Robbins
Arroyo LLP
announces that purchasers of Cheetah Mobile Inc. (NYSE:
CMCM) filed a class action complaint arising from violations of the
Securities Exchange Act of 1934 by Cheetah Mobile’s officers and
directors between April 26, 2017, and November 27, 2018. Cheetah Mobile
is a mobile Internet company with global market coverage.

View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/cheetah-mobile-inc/

Cheetah Mobile Accused of Basing Revenue on Fraudulent Activity

According to the complaint, Cheetah Mobile made materially false and
misleading statements regarding its business, operation, and compliance
policies. On November 26, 2018, BuzzFeed News reported that
certain Cheetah apps then available in the Google Play store were
exploiting user permissions as part of an ad fraud scheme. Cheetah’s
apps “tracked when users downloaded new apps and used this data to
inappropriately claim credit for having caused the download.” BuzzFeed
News
reported that two of Cheetah’s apps were removed from the
Google Play store after publication of the article. On this news,
Cheetah’s American depositary receipt (“ADR”) price fell $3.32, or
nearly 37%, over the next two trading sessions, closing at $5.48 on
November 27, 2018.

Cheetah Mobile Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003, LKandinov@robbinsarroyo.com,
or via the shareholder
information form
on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Leonid Kandinov
Robbins Arroyo LLP
LKandinov@robbinsarroyo.com
(619)
525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

leverton

I have been involved with publishing and marketing for the past 32 years. My passion is helping people share their voice. I am able to do this through two important venues: One, with Area-Info.net where people can share everything from opinions to events to news. It is your choice! What do you want to share? Two, through a new program called America's Real Deal I am involved with to help business owners get their voice heard.I schedule speaking engagements with community groups and business groups to share my passion about the importance of "sharing your voice".Contact me directly at lee@leeeverton.com for scheduling information.