Levi & Korsinsky, LLP reminded investors on October 7, 2026, of a securities class action lawsuit filed against Baidu, Inc. regarding alleged misstatements about its AI-powered business revenue.
Lawsuit and Lead Plaintiff Deadline
Levi & Korsinsky announced that a securities class action has been filed on behalf of purchasers of Baidu, Inc. (NASDAQ: BIDU) securities who acquired shares between November 18, 2025 and August 17, 2026.
Investors who suffered losses have until November 13, 2026, to seek appointment as lead plaintiff in the litigation.
AI Revenue Projections and Market Drop
The complaint alleges that Baidu made materially false or misleading statements regarding the ability of its AI-powered business to offset rapid declines in its legacy online marketing business. According to the firm, investors were previously told that the AI transition was absorbing a collapse in legacy revenue.
Second quarter 2026 results revealed that the Core AI-powered Business fell 8% quarter over quarter to RMB 12.5 billion. Following the disclosure, BIDU American Depositary Shares closed at $90.87 on August 18, 2026, marking a 12.73% decline.
What to do
- Gather brokerage records showing purchase dates, share quantities, and prices paid.
- Submit information to Levi & Korsinsky or contact them by phone to evaluate potential recovery.
Key facts and where they come from
- A securities class action was filed for shareholders who acquired BIDU securities between November 18, 2025 and August 17, 2026.
a securities class action has been filed on behalf of shareholders who acquired BIDU securities between November 18, 2025 and August 17, 2026.
- The lead plaintiff deadline for the lawsuit is November 13, 2026.
reminds shareholders of a lead plaintiff deadline of November 13, 2026 in Baidu, Inc. Lawsuit
- BIDU American Depositary Shares closed down 12.73% at $90.87 on August 18, 2026.
BIDU American Depositary Shares closed at $90.87 on August 18, 2026, a one-session decline of $13.25 per ADS, or 12.73%
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