From Shareholders Foundation

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at CooTek (Cayman) Inc.

Investors who purchased shares of CooTek (Cayman) Inc. (NYSE: CTK) a have certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.

The investigation by a law firm concerns whether certain CooTek (Cayman) Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

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.

Shares of CooTek (Cayman) Inc. (NYSE: CTK) declined to as low as $4.483 per share on September 13, 2019. 

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

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: [email protected]

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

SOURCE: https://www.openpr.com/news/2038294/investigation-announced-for-investors-in-cootek-cayman-inc