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Class Action Cases

A class action has been filed on behalf of QTT Investors. Click "Join this Class Action" above.

Attorneys

Qutoutiao Inc.

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Zhang Investor Law announces  a class action lawsuit on behalf of shareholders who bought shares of Qutoutiao Inc. (NASDAQ: QTT) (1) pursuant to and/or traceable to the Company’s September 2018 initial public offering (“IPO”); and/or (2) between September 14, 2018 and July 15, 2020, inclusive (the “Class Period”).. The lawsuit seeks to recover damages for Qutoutiao Inc. investors under the federal securities laws.

If you bought Qutoutiao Inc. securities (1) pursuant to and/or traceable to the Company’s September 2018 initial public offering (“IPO”); and/or (2) between September 14, 2018 and July 15, 2020, inclusive (the “Class Period”), and would like to join the action, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Qutoutiao Inc. – QTT

New York, N.Y., September 17, 2020. Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Qutoutiao Inc. (NASDAQ: QTT) (1) pursuant to and/or traceable to the Company’s September 2018 initial public offering (“IPO”); and/or (2) between September 14, 2018 and July 15, 2020, inclusive (the “Class Period”)

To join the QTT class action, go to http://zhanginvestorlaw.com/cases/qutoutiao-inc/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

Lead plaintiff status is not required to seek compensation.  You may retain counsel of your choice.  You may remain an absent class member and take not action at this time.

According to the lawsuit,  throughout the Class Period (1) Qutoutiao replaced its advertising agent with a related party, thereby bypassing third-party oversight of the content and quality of the advertisements; (2) the Company 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, the Company would face increasing regulatory scrutiny and reputational harm; (4) as a result, the Company’s advertising revenue was reasonably likely to decline; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s 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 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 http://zhanginvestorlaw.com/cases/qutoutiao-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.