Pomerantz Appointed Co-Lead Counsel in Cheetah Mobile Securities Litigation

On January 12, 2021, U.S District Judge Michael W. Fitzgerald of the Central District of California appointed Pomerantz LLP as Co-Lead Counsel on behalf of Lead Plaintiffs Guan Wei Mao and Jun Yu in In re Cheetah Mobile, Inc. Sec. Litig., 20-cv-5696 (C.D. Cal.), a securities litigation being pursued on behalf of a class of defrauded investors concerning allegations that Cheetah Mobile, Inc. failed to disclose that some of the Company’s apps were not…