NEW YORK, Oct. 03, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Qutoutiao, Inc. (“Qutoutiao” or the “Company”) (NASDAQ: QTT) and certain of its officers. The class action, filed in United States District Court for the Southern District of New York, and docketed under 20-cv-07717, is on behalf of a class consisting of all persons and entities that: (a) purchased or otherwise acquired Qutoutiao American Depositary Shares (“ADSs”) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s September 2018 initial public offering (“IPO” or the “Offering”); and/or (b) purchased or otherwise acquired Qutoutiao securities between September 14, 2018, and July 15, 2020, inclusive (the “Class Period”). Plaintiff pursues claims against the Defendants under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”).
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Qutoutiao, Inc. of Class Action Lawsuit and Upcoming Deadline – QTT
Oct 3, 2020