New York, New York--(Newsfile Corp. - December 19, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Gaotu Techedu Inc. ("Gaotu") (NYSE: GOTU).
Class Period:March 22, 2021 through March 29, 2021
Lead Plaintiff Deadline: December 20, 2021
No obligation or cost to you.
Learn more about your recoverable losses in GOTU:
https://www.kleinstocklaw.com/pslra-1/gaotu-techedu-inc-loss-submission-form
CLASS ACTION CASE DETAILS: According to the complaint, Goldman Sachs Group Inc. and Morgan Stanley knew that Archegos Capital Management would need to fully liquidate its position in Gaotu, as Archegos had failed (or was likely to fail) to meet a margin call. Goldman Sachs Group Inc. and Morgan Stanley then avoided billions of dollars in losses by selling Gaotu shares while in possession of this material non-public information. When the truth about Gaotu was revealed, other investors suffered severe losses.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Gaotu you have until December 20, 2021 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.
NO COST TO YOU: If you purchased Gaotu securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the GOTU lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103103
