NYSE: GOTU, GSX

Gaotu Techedu Inc. f/k/a GSX Techedu Inc.

Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Gaotu Techedu Inc. f/k/a GSX Techedu Inc. (NYSE: GOTU, GSX) between March 5, 2021 and July 23, 2021, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Gaotu investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than February 28, 2023.

If you purchased Gaotu securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:March 5, 2021 through July 23, 2021

Deadline:

29 Days
If you purchased Gaotu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that:

  • China was barring tutoring for profit in core school subjects and the policy change would restrict foreign investment in a sector that had become essential to success in Chinese school exams; and
  • the impact such regulations would have on Gaotu’s operations and profitability and the value of Company securities.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Gaotu Techedu Inc. f/k/a GSX Techedu Inc.
Stock Symbol: GOTU, GSX
Class Period: March 5, 2021 through July 23, 2021
Court: United States District Court for the Eastern District of New York

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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