Gaouto Techedu Inc. f/k/a GSX Techedu

Ticker: GOTU

Class Period Start: 03/05/2021

Class Period End: 07/23/2023

Registration Deadline: 02/28/2023

A securities class action has been filed in the USDC – E.D.N.Y. against Gaotu Techedu Inc. (GOTU) on behalf of persons or entities who purchased or otherwise acquired publicly traded Gaotu American depository shares (“ADSs”) between March 5, 2021 through July 23, 2021.  

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose, among other things, that:

  • China was barring tutoring for profit in core school subjects and the policy change would restrict foreign investment in a sector that had become essential to success in Chinese school exams; and
  • the impact such regulations would have on Gaotu’s operations and profitability and the value of Company securities.

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