Pending Case

Cheetah Mobile Inc.

Nasdaq: CMCM

Cheetah Mobile Sued For Securities Fraud; Investors Are Encouraged To Contact Block & Leviton

Contact us to learn more about this lawsuit.

BOSTON, Dec. 4, 2018 -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, announces that a class action lawsuit has been filed against Cheetah Mobile Inc. (“Cheetah” or the “Company”) (NYSE: CMCM) and certain of its officers and directors alleging violations of the federal securities laws. Class members interested in serving as lead plaintiff are reminded of the January 29, 2019 lead plaintiff deadline.

The Complaint alleges that Cheetah, a mobile internet company, made false and/or misleading statements and/or failed to disclose that: (1) Cheetah’s mobile apps had embedded features, which were not disclosed, and which tracked when users downloaded new apps; (2) Cheetah improperly used this data to claim credit for having caused the downloads; (3) the foregoing features, when discovered, would foreseeably result in the removal of Cheetah’s apps from the Google Play store; (4) the Company’s Class Period revenues were in part the product of improper conduct and so unsustainable; and (5) Cheetah’s public statements were materially false and misleading at all relevant times.”

Following this news, the Company's stock fell approximately 37%.

If you purchased or otherwise acquired Cheetah securities between April 26, 2017, and November 27, 2018, and have questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact attorney Dan DeMaria at (888) 868-2385, by email at dan@blockesq.com, or by visiting http://shareholder.law/cheetah

Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.

Contact us to learn more about this lawsuit.

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