Pomerantz LLP announced it is investigating Baidu for potential securities fraud and unlawful practices, citing prior reports that the Pentagon concluded the company should be added to a list of entities aiding the Chinese military.
- The legal claims stem from a November 2025 Bloomberg report, which previously caused Baidu’s ADRs to fall 1.31% upon release.
- Baidu ADRs are trading around $141.13 in after-hours, essentially flat, with current movement appearing tied more to the recent Kunlunxin AI chip spin-off story than to the new investigation itself.