CLASS ACTION UPDATE for BIDU, GRPN and HALL: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / May 8, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.

Baidu, Inc. (NASDAQ:BIDU)
BIDU Lawsuit on behalf of: investors who purchased March 16, 2019 – April 7, 2020
Lead Plaintiff Deadline: June 22, 2020
Join the action: https://www.zlk.com/pslra-1/baidu-inc-information-request-form?wire=3&prid=6427

Allegations: Baidu, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (i) Baidu's feed services were not in compliance with applicable Chinese regulatory standards; (ii) the foregoing noncompliance subjected the Company to a heightened risk of regulatory enforcement, including the removal or suspension of certain of Baidu's services and products; (iii) accordingly, the Company's revenues derived from online marketing services were unlikely to be sustainable; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

To learn more about the Baidu, Inc. class action, contact jlevi@levikorsinsky.com.

Groupon, Inc. (NASDAQ:GRPN)
GRPN Lawsuit on behalf of: investors who purchased November 4, 2019 – February 18, 2020
Lead Plaintiff Deadline: June 29, 2020
Join the action: https://www.zlk.com/pslra-1/groupon-inc-loss-form?wire=3&prid=6427

Allegations: Groupon, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was experiencing fewer customer engagements in its Goods category; (2) Groupon relied on its Goods category to drive its sales, especially during the holiday season; (3) as a result of the foregoing, the Company was likely to experience reduced sales; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

To learn more about the Groupon, Inc. class action, contact jlevi@levikorsinsky.com.

Hallmark Financial Services, Inc. (NASDAQ:HALL)
HALL Lawsuit on behalf of: investors who purchased March 5, 2019 – March 17, 2020
Lead Plaintiff Deadline: July 6, 2020
Join the action: https://www.zlk.com/pslra-1/hallmark-financial-services-inc-loss-submission-form?wire=3&prid=6427

Allegations: Hallmark Financial Services, Inc. made materially false and/or misleading statements throughout the class period and/or failed to disclose that: (1) the Company lacked effective internal controls over accounting and financial reporting related to reserves for unpaid losses; (2) the Company improperly accounted for reserve for unpaid losses and loss adjustment expenses related to its Binding Primary Commercial Auto business; (3) as a result, Hallmark Financial would be forced to report a $63.8 million loss development for prior underwriting years; (4) as a result, Hallmark Financial would exit from its Binding Primary Commercial Auto business; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

To learn more about the Hallmark Financial Services, Inc. class action, contact jlevi@levikorsinsky.com.

You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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