The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Qutoutiao Inc. (QTT)
Qutoutiao Inc. - American Depositary Shares (QTT)
Last qutoutiao inc. - american depositary shares earnings: 3/18 05:30 am
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 19, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Qutoutiao Inc. ("Qutoutiao" or "the Company") (NASDAQ: QTT): (a) American Depositary Shares (“ADSs” or “shares”) pursuant and/or traceable to the Company’s September 2018 initial public offering (“IPO” or the “Offering”); and/or (b) securities between September 14, 2018 and July 15, 2020, inclusive (the “Class Period”).If you are a shareholder who suffered a loss, click here to participate.In September 2018, the Company completed its IPO, selling 13.8 million ADSs at $7.00 per share.On December 10, 2019, Wolfpack Research published a report, alleging among other things, that the Company had overstated its revenues by recording non-existent advances from advertising customers. Moreover, the report alleged that Qutoutiao replaced its third-party advertising agent with a
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