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New York, New York--(Newsfile Corp. - November 29, 2021) - The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders of Gaotu 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:
This lawsuit is on behalf of persons and entities that purchased or otherwise acquired shares of Gaotu Techedu Inc. ("Gaotu ") (NYSE: GOTU) between March 22, 2021 and March 29, 2021.
ALLEGATIONS: According to the filed complaint, Goldman Sachs Group Inc. and Morgan Stanley sold Gaotu shares while in possession of material non-public information, thus avoiding billions in losses. Specifically, the non-public information that Goldman Sachs and Morgan Stanley possessed was that Archegos Capital Management would need to fully liquidate its position in Gaotu based on margin call pressures. When the market learned the truth, many investors suffered damages.
DEADLINE: December 20, 2021 Shareholders should not delay in registering for this class action. Register your information here:
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 December 20, 2021. 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.
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.
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Phone: (212) 537-9430
Fax: (833) 862-7770
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103050