San Diego, Oct. 03, 2011 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Baidu.com, Inc. (ADR) (NASDAQ: BIDU) over possible Violations of Federal Securities Laws was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Baidu.com, Inc. (ADR) (NASDAQ:BIDU) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements regarding Baidu.com, Inc business, its prospects and its operations were potentially materially false and misleading at the time they were made.

The investigation follows media reports that said the U.S. Department of Justice (DOJ) is assisting a U.S. Securities and Exchange Commission (SEC) probe of possible accounting irregularities among unnamed U.S.-listed Chinese firms. The investigation by a law firm for investors focuses several Chinese internet companies, including but not limited to Baidu.com, Inc.

Baidu.com, Inc. reported superior financial performance over the past recent years. Baidu.com, Inc. (ADR) reported an increase in its annual Total Revenue from $1.74billion in 07 to $7.91billion in 2010 and an increase in its Net Income from $628.97million in 2007 to $3.52billion in 2010. Baidu.com, Inc. reported a second quarter Revenue 2011 of $3.41billion compared to $1.91billion last year and its second quarter Net Income rose from $837.36million last year to $1.63billion this year.

Shares of Baidu.com, Inc. (ADR) (Public, NASDAQ:BIDU) rose after its 10:1 split in May 2010 from under $74 per share to over $157 per share in July 2011. However, since July 2011 NASDAQ BIDU shares fell to $105.16 on October 3.