GSX Techedu Inc. Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP Announces It Is Investigating Serious New Claims Against GSX Techedu Inc. and Strongly Encourages Investors with Substantial Losses to Contact the Firm
NEW YORK, April 15, 2020 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP announces it is investigating serious and disturbing securities class action claims on behalf of shareholders of the American Depositary Shares ("ADSs" or "shares") of GSX Techedu Inc. ("GSX" or the Company") (NYSE: GSX) investors concerning the Company and its officers' possible violations of the federal securities laws.
All investors who purchased ADSs of GSX Techedu Inc. and incurred losses are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774.
On April 14, 2020, the investment analysis firm, Citron Research, issued a report on GSX entitled "GSX Techedu Inc – The Most Blatant Chinese Stock Fraud since 2011." The Citron Report claimed that the Company "is overstating revenue by up to 70% and should immediately halt trading and launch an internal investigation."
On this news, the Company's American Depositary Shares price fell sharply during intra-day trading.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.
Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
SOURCE Wolf Haldenstein Adler Freeman & Herz LLP
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