GlobeNewswire Inc | Aug 17, 2020 12:00PM EDT

August 17, 2020

NEW YORK, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Cheetah Mobile Inc.

("Cheetah" or the "Company") (NYSE: CMCM) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Cheetah securities between March 25, 2019 and February 20, 2020, both dates inclusive (the Class Period).Such investors are encouraged to join this case by visiting the firms site: www.bgandg.com/cmcm.

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) certain of Cheetah Mobiles apps were not compliant with the terms of its agreements with Google; (2) as a result, there was a reasonable likelihood that Google would terminate its advertising contracts with the Company; (3) as a result of the foregoing, the Companys ability to attract new users would be adversely impacted; (4) as a result, the Companys revenue was reasonably likely to decline; and (5) as a result of the foregoing, Defendants positive statements about the Companys business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firms site: www.bgandg.com/cmcm or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Cheetah you have until August 24, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firms expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com