CooTek (Cayman) Inc. (NYSE: CTK) Investor Investigation Concerning Possible Violations of Securities Laws Announced

Investors who purchased shares of CooTek (Cayman) Inc. (NYSE: CTK), have certain options and should contact the Shareholders Foundation, Inc.

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An investigation on behalf of investors of CooTek (Cayman) Inc. (NYSE: CTK) shares over potential securities laws violations by CooTek (Cayman) Inc. and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on 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.

China based CooTek (Cayman) Inc. operates as an artificial intelligence (AI) and big data-driven mobile Internet company in the United States and internationally. On July 16, 2019, it was reported that 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.