NEW YORK,
Feb. 1,
2023 /PRNewswire/ -- The Gross Law Firm issues the
following notice to shareholders of Gaotu Techedu Inc. F/K/A Gsx
Techedu Inc..
Shareholders who purchased shares of GOTU during
the class period listed are encouraged to contact the firm
regarding possible lead plaintiff appointment. Appointment as lead
plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/gaotu-techedu-inc-f-k-a-gsx-techedu-inc-loss-submission-form/?id=36074&from=4
CLASS PERIOD: 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.
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued 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.
DEADLINE: February 28,
2023 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/gaotu-techedu-inc-f-k-a-gsx-techedu-inc-loss-submission-form/?id=36074&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you
register as a shareholder who purchased shares of GOTU during the
timeframe listed above, you will be enrolled in a portfolio
monitoring software to provide you with status updates throughout
the lifecycle of the case. The deadline to seek to be a lead
plaintiff is February 28, 2023. There
is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is
nationally recognized class action law firm, and our mission is to
protect the rights of all investors who have suffered as a result
of deceit, fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm