SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Cheetah Mobile Inc. (CMCM)
NEW YORK, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers Cheetah Mobile Inc. (“Cheetah” or the “Company”) (NYSE: CMCM). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/cmcm.
The investigation concerns whether Cheetah and certain of its officers and/or directors have violated federal securities laws.
On November 26, 2018, BuzzFeed News reported that certain Cheetah apps on the Google Play store were exploiting user permissions as part of an ad fraud scheme. The article states that some Cheetah apps “tracked when users downloaded new apps and used this data to inappropriately claim credit for having caused the download.” Following this news, Cheetah’s stock dropped $3.32 per share or roughly 37% over the next two trading days to close at $5.48 on November 27, 2018.
If you are aware of any facts relating to this investigation, or purchased Cheetah shares, you can assist this investigation by visiting the firm’s site: bgandg.com/cmcm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | email@example.com