New York, New York--(Newsfile Corp. - November 8, 2021) - The Law Offices of Vincent Wong announce that a class action lawsuit has commenced in the on behalf of investors who purchased Gaotu Techedu Inc. ("Gaotu") (NYSE: GOTU) between March 22, 2021 and March 29, 2021.
If you suffered a loss, contact us at the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/gaotu-techedu-inc-loss-submission-form
According to a filed complaint, Goldman Sachs Group Inc. and Morgan Stanley avoided billions of dollars in losses by selling Gaotu shares while in possession of material non-public information. Specifically, the plaintiff claims that defendants knew that Archegos Capital Management failed (or was likely to fail) to meet a margin call, requiring it to fully liquidate its position in Gaotu. When the market learned the truth about Gaotu, investors suffered damages.
If you suffered a loss in Gaotu, you have until December 20, 2021 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.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102527
