Tuesday , April 20 2021

Baidu defeats U.S. shareholder lawsuit over China internet law compliance – Reuters

By Jonathan Stempel2 Min ReadFILE PHOTO: A logo of Baidu is seen during the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 23, 2020. REUTERS/Aly Song/File Photo(Reuters) - A U.S. judge has dismissed a lawsuit accusing Baidu Inc of defrauding shareholders about its ability to comply with Chinese regulations governing internet content.In a Wednesday night decision, U.S. District Judge Lucy Koh rejected claims in the proposed class action that 12 statements that Baidu...

 

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