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In re QUTOUTIAO, INC. SECURITIES LITIGATION
Case Number:
1:20-cv-06707
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Cooley LLP
- Dynamis LLP
- Freedman Normand
- Glancy Prongay
- Levi & Korsinsky
- O'Melveny & Myers
- Pomerantz LLP
- Simpson Thacher & Bartlett
Companies
Sectors & Industries:
-
February 06, 2026
Chinese News App Beats Investor Suit Over Ad Revenue
Chinese news aggregation app Qutoutiao Inc. and its underwriters have beaten a consolidated investor class action accusing the company of illicit advertising activity following its initial public offering, after a New York federal judge found that the plaintiff does not have standing on all the asserted claims.
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August 04, 2023
Chinese News App Beats Investor Suit Over Illicit Ad Revenue
A New York federal judge tossed a proposed securities class action alleging Chinese news aggregation app Qutoutiao hid changes in its advertising policies that allegedly spurred fraudulent advertisements on the app and eventually caused its stock to decline, ruling that the suit's claims are "wholly conclusory" and insufficiently pled.