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Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of CooTek (Cayman) Inc (NYSE: CTK) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of CooTek (Cayman) Inc (NYSE: CTK) concerning whether a series of statements by CooTek (Cayman) Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 16, 2019, Google removed around 60 apps developed by CooTek from its Play store and banned the company from its advertising platform, Google Admob, for allegedly engaging in alleged malicious ad practices.
On July 16, 2019, NYSE: CTK closed at a price of $9.30, since then the ADR has fallen to a closing price of $4.98 on October 14, 2019, a decline of 46%.
Based in Shanghai, the People's Republic of China, and founded in 2008 CooTek (Cayman) Inc operates as an artificial intelligence (AI) and big data-driven mobile Internet company in the United States and internationally.
If you purchased shares of CooTek (Cayman) Inc (NYSE: CTK) on or before July 16, 2019, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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