GSX DOWN ON CITRON REPORT: Nationally Ranked Litigation Firm Labaton Sucharow Strongly Encourages Investors with Losses to Contact The Firm and Announces Investigation on Behalf of Ads, Options, and Derivative Purchasers

NEW YORK--()--Labaton Sucharow LLP, a leading and award winning investor rights law firm, announces it is developing a proprietary investigation concerning potential securities claims on behalf of shareholders of GSX Techedu Inc (Ticker: GSX) resulting from allegations that GSX may have issued materially misleading business information to the investing public.

GSX Techedu Inc. is a technology-driven education company, and provides online K-12 after-school tutoring services in the People’s Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science. The company also provides English courses for children in kindergarten; and courses that help children in grade one through grade seven.

On April 14, Citron Research published a report saying “GSX is overstating revenue by up to 70% and should immediately halt trading and launch an internal investigation.” Citron also noted, "They are not even in a 'fake it till you make it' situation. Their forward growth trajectory is as foolish and fraudulent as their previous financials.”

When asked to comment, GSX Techedu said the company is in a quiet period ahead of its quarterly report. GSX has not announced a date yet.

On this news, GSX stock is falling 3.5% pre-market.

If you are a ADS, option or derivative holder that suffered losses in GSX, and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact David J. Schwartz using the toll free number (800) 321-0476 or via email at recover@labaton.com

About the Firm

Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at http://www.labaton.com

Contacts

David J. Schwartz
(800) 321-0476
dschwartz@labaton.com or recover@labaton.com

Contacts

David J. Schwartz
(800) 321-0476
dschwartz@labaton.com or recover@labaton.com