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
Court1:20-cv-04457
Case number06/06/2019
Class period Start10/20/2020
Class period EndGSX 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
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