Cootek (Cayman) Inc.

Practice Area: 
Stock Symbol: 
CTK
Case Status: 
Investigations

The law firm of Ademi & O’Reilly LLP is investigating potential claims against Cootek (Cayman) Inc. (“Cootek” of the “Company”) (NYSE: CTK).  This investigation concerns whether Cootek has violated federal securities laws and/or engaged in other unlawful business practices.

On July 16, 2019, all of Cootek’s apps were banned from the Google’s Admob advertising platform, and the Google Play Store, and in the three months since, have not been reintroduced to either.  From a closing price of $9.30 on July 16, 2019, the ADR has fallen to a closing price of $4.98 on October 14, 2019, a decline of 46%.