{"id":91097,"date":"2023-02-18T06:15:47","date_gmt":"2023-02-18T06:15:47","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=52e405466ad48af71b0aa11a927b62b2"},"modified":"2023-02-18T06:15:47","modified_gmt":"2023-02-18T06:15:47","slug":"rosen-a-highly-recognized-law-firm-encourages-gaotu-techedu-inc-f-k-a-gsx-techedu-inc-investors-with-losses-to-secure-counsel-before-important-february-28-deadline-in-securities-class-action-comme","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/rosen-a-highly-recognized-law-firm-encourages-gaotu-techedu-inc-f-k-a-gsx-techedu-inc-investors-with-losses-to-secure-counsel-before-important-february-28-deadline-in-securities-class-action-comme\/","title":{"rendered":"ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Gaotu Techedu Inc. f\/k\/a GSX Techedu Inc. Investors with Losses to Secure Counsel Before Important February 28 Deadline in Securities Class Action Commenced by the Firm \u2013 GOTU, GSX"},"content":{"rendered":"
\n

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) —<\/p>\n

WHY:<\/strong>\u00a0Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Gaotu Techedu Inc. f\/k\/a GSX Techedu Inc. (NYSE: GOTU, GSX) between March 5, 2021 and July 23, 2021, both dates inclusive (the \u201cClass Period\u201d), of the important February 28, 2023 lead plaintiff deadline<\/strong>.<\/p>\n

SO WHAT:<\/strong> If you purchased Gaotu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT:<\/strong> To join the Gaotu class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=2595<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 28, 2023<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW:<\/strong> We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases.<\/strong> Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE: <\/strong>According to the lawsuit, defendants throughout the Class Period made false and\/or misleading statements and\/or failed to disclose, among other things, that: (1) 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 (2) the impact such regulations would have on Gaotu\u2019s operations and profitability and the value of Company securities. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the Gaotu class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=2595<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a> or on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm<\/a>.<\/p>\n

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm\u2019s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th<\/sup> Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8751923<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) \u2014 WHY:\u00a0Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Gaotu Techedu Inc. f\/k\/a GSX Techedu Inc. (NYSE: GOTU, GSX) between March 5, 2021 and July 23, 2021, both dates inclusive (the \u201cClass Period\u201d), of the important February 28, 2023 lead plaintiff [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2584,17,53,343],"tags":[],"yoast_head":"\nROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Gaotu Techedu Inc. f\/k\/a GSX Techedu Inc. 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