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GOTU ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of February 28, 2023 in the Class Action Filed on Behalf of Gaotu Techedu Inc. F/K/A Gsx Techedu Inc. Shareholders
News provided byThe Klein Law Firm
Jan 24, 2023, 5:45 AM ET
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Gaotu Techedu Inc. F/K/A Gsx Techedu Inc. (NYSE: GOTU) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Gaotu American depository shares between March 5, 2021 and July 23, 2021, inclusive.
Lead Plaintiff Deadline: February 28, 2023
No obligation or cost to you.
Learn more about your recoverable losses in GOTU:
Gaotu Techedu Inc. F/K/A Gsx Techedu Inc. NEWS - GOTU NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Gaotu Techedu Inc. F/K/A Gsx Techedu Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) China was barring tutoring for profit in core school subjects, and this policy change would restrict foreign investment in a sector that had become essential to success in Chinese school exams; and (2) the impact such regulations would have on Gaotu's operations and profitability and the value of Company securities.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Gaotu you have until February 28, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Gaotu securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the GOTU lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/gaotu-class-action-submission-form?id=35844&from=4.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
J. Klein, Esq.
535 Fifth Avenue
New York City, NY 10017
Telephone: (212) 616-4899
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SOURCE The Klein Law Firm