Authorization

QTT FINAL DEADLINE MONDAY: ROSEN, NATIONAL INVESTOR COUNSEL, Reminds Qutoutiao Inc. Investors of Important October 19 Deadline in Securities Class Action - QTT

NEW YORK, Oct. 17, 2020 /PRNewswire/ --A Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Qutoutiao Inc. (NASDAQ: QTT): (1) pursuant to and/or traceable to Qutoutiao's September 2018 initial public offering ("IPO"); and/or (2) between September 14, 2018 and July 15, 2020, inclusive (the "Class Period"), of the important October 19, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Qutoutiao investors under the federal securities laws.
QTT FINAL DEADLINE MONDAY: ROSEN, NATIONAL INVESTOR COUNSEL, Reminds Qutoutiao Inc. Investors of Important October 19 Deadline in Securities Class Action - QTT
To join the Qutoutiao class action, go to https://www.rosenlegal.com/cases-register-1934.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Qutoutiao replaced its advertising agent with a related party, thereby bypassing third-party oversight of the content and quality of the advertisements; (2) Qutoutiao placed advertisements on its mobile app for products whose claims could not be substantiated and thus were considered false advertisements under applicable regulations; (3) as a result, Qutoutiao would face increasing regulatory scrutiny and reputational harm; (4) as a result, Qutoutiao's advertising revenue was reasonably likely to decline; and (5) as a result of the foregoing, defendants' positive statements about Qutoutiao's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 19, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to https://www.rosenlegal.com/cases-register-1934.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Апрель 2021    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
2627282930