ACCESS Newswire
19 Sep 2022, 11:19 GMT+10
LOS ANGELES , CA / ACCESSWIRE / September 19, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against 17 Education & Technology Group Inc. ('17EdTech' or 'the Company') (NASDAQ:YQ) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the Company's initial public offering conducted in December 2020 (the 'IPO'), are encouraged to contact the firm before September 19, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. 17EdTech's K-12 Academic AST Services ended less than a year after its IPO. The Chinese government would end the Company's core business as part of ongoing regulatory crackdowns. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about 17EdTech, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm
Get a daily dose of Cleveland Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cleveland Star.
More InformationWASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...
DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
(Photo credit: Kevin Ng-Imagn Images) Sounders goalkeeper Stefan Frei was 'back home resting' on Monday after leaving Sunday's match...
(Photo credit: Rick Scuteri-Imagn Images) The Kansas City Royals are nearing the point in the season where they need to make a sustained...
(Photo credit: Sergio Estrada-Imagn Images) The torrid Houston Astros completed a three-game road sweep of the reigning World Series...
(Photo credit: Rhona Wise-Imagn Images) The Cincinnati Reds return home one last time before the All-Star break and will take on...
(Photo credit: Rafael Suanes-Imagn Images) The Boston Red Sox look to carry their winning ways back home when they begin the final...
(Photo credit: Matt Marton-Imagn Images) Matthew Boyd celebrated his All-Star Game selection by striking out nine batters in five...