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2nd Circ. Revives Investor Suit Against Chinese News App

By Katryna Perera ( October 29, 2024, 5:24 PM EDT) -- The Second Circuit has revived a securities class action alleging that Chinese news aggregation app Qutoutiao hid changes in its advertising policies that allegedly spurred fraudulent advertisements on the app and eventually caused its share price to decline, finding that the lower court erred in determining that the suit's claims sound in fraud....

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