Baidu, Inc. (NASDAQ: BIDU)

This investigation is for anyone who acquired securities in Baidu, Inc. (NASDAQ: BIDU) prior to February 13, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company complied with all applicable laws but then by spying for the Chinese Government in violation of U.S. law.

On November 26, 2025, Reuters reported that an October 7th letter from Deputy Defense Secretary Stephen Feinberg informed lawmakers that the Pentagon had determined Baidu to be one of three companies to be newly added to a list of companies that aid ‌the Chinese military. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on February 13, 2026, the Pentagon added Baidu to a list of companies aiding the Chinese military before withdrawing the list only minutes later without explanation. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Baidu, Inc. (NASDAQ: BIDU) prior to February 13, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.