NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against GSX Techedu, Inc. (NYSE: GSX) on behalf of GSX stockholders. Our investigation concerns whether GSX has violated the federal securities laws and/or engaged in other unlawful business practices.
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On April 14, 2020, the investment analyst 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 Share (“ADS”) price fell sharply, to close at $29.67 per share.
If you purchased or otherwise acquired GSX shares and suffered a loss, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato or Marion Passmore by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.