Sign In
GOTU.US
id: 1583

GSX Techedu (GSX) Investor Settlement

The parties have reached an agreement to settle the case, but the terms are still being finalized.
D. New Jersey
Court
1:20-cv-04457
Case number
06/06/2019
Class period Start
10/20/2020
Class period End
GSX Techedu has agreed to a settlement with $GSX investors to resolve claims that it overstated enrollment numbers and revenue, misleading the market about the strength of its online education business.
Case Status
Tentative Settlement
Alleged Offence
Misleading Statements, 
Fraud
Suspected Party
Directors, 
Management
Security Type
Stocks
Trade Direction
Long
Filing date
04/17/2020
Plaintiffs
Donat Zajontz
Attorneys
Pomerantz LLP ; Bragar Eagel & Squire, P.C.
Defendants
Larry Xiangdong Chen ; Nan Shen
Judge
Jed S. Rakoff
Trades matching type
FIFO

Frequently Asked Questions

Who is eligible for this settlement?
Do I have to sell securities to be eligible?
How long does the payout process take?
How to get your payout?
What is 11th.com?

Gaotu Techedu Inc DRC

Gaotu Techedu Inc., a data-driven education company, provides learning services, educational content, and digitalized learning products in the People's Republic of China. Its learning services incl...

    Ticker
    GOTU.US
    ISIN
    US36257Y1091
    CIK
    0001768259
    Sector
    Consumer Defensive
    Industry
    Education & Training Services
    Country
    USA
    Address
    Gientech Building, Beijing, China, 100193