New York, New York--(Newsfile Corp. - May 21, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of GSX Techedu Inc. (NYSE: GSX) alleging that the Company violated federal securities laws.
Class Period: June 6, 2019 and April 13, 2020
Lead Plaintiff Deadline: June 16, 2020
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The filed complaint alleges that GSX Techedu Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) GSX overstated its profitability, revenue, student enrollment figures, teacher qualifications, and teacher selection process; (ii) the foregoing, once revealed, was foreseeably likely to have a material negative impact on the Company's financial results; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
Shareholders have until June 16, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the GSX lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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