Gaotu Class Action Lawsuit GOTU | Deadline February 28, 2023
Great news! Investors have the chance to participate in the GOTU Lawsuit if they purchased or otherwise acquired publicly traded Gaotu Techedu Inc (Gaotu Class Action Lawsuit) American depository shares between March 5, 2021, and July 23, 2021.
According to the GOTU action, the defendants throughout the Class Period made false and/or misleading representations and/or failed to disclose the following:
(1) China forbade tutoring in core academic disciplines for financial gain, and this policy shift would impede foreign investment in a field that had grown crucial to passing Chinese school tests; and
(2) the effect that such rules would have on Gaotu’s business operations, financial performance, and stock price.
If you suffered a loss in GOTU you have until February 28, 2023, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Gaotu Class Action Lawsuit (GOTU Lawsuit)
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