San Diego, CA — 11/07/2017 — Cheetah Mobile Inc is under investigation over possible wrongdoing. The investigation was announced for investors in NYSE:CMCM shares in connection with certain financial statements made by Cheetah Mobile Inc.
The investigation by a law firm focuses on whether certain statements by Cheetah Mobile Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 26, 2017, Prescience Point Research Group published a report asserting, among other things, that approximately 55% of Cheetah Mobile Inc's reported consolidated revenue does not exist
Those who purchased shares of Cheetah Mobile Inc (ADR) (NYSE:CMCM) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego
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