GSX Securities Settlement
This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
GSX Techedu, Inc. and individual defendants Larry Xiangdong Chen and Nan Shen allegedly violated the Securities Exchange Act of 1934 by making misrepresentations and omissions of material fact about GSX's enrollments and revenues, causing GSX Securities prices to be artificially inflated before dropping on subsequent disclosures. The defendants deny all wrongdoing, and the settlement was agreed to without final adjudication.
Do you qualify?
All persons and entities who purchased or acquired GSX American Depositary Shares (ADSs) between June 6, 2019 and October 20, 2020, inclusive (including those in the initial public offering on June 6, 2019 or secondary offering on November 20, 2019), and were damaged by the alleged conduct. You must have directly purchased or acquired the securities; indirect ownership through mutual funds does not qualify.
How to file
File a Claim Form to receive a payment from the $9.5 million settlement fund. Eligible claimants will receive payments after claims processing is complete. Contact the Claims Administrator at 855-779-3369, info@GSXSecuritiesSettlement.com, or GSX Securities Settlement, c/o JND Legal Administration, P.O. Box 91131, Seattle, WA 98111 for claim forms and details.
Common questions
- How much does the GSX Securities Settlement pay?
- The total settlement fund is $9.5M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- Do I need proof of purchase for the GSX Securities Settlement?
- Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.
- Is the GSX Securities Settlement notice real, or a scam?
- JND Legal Administration is the settlement administrator for this case. Claims are filed at gsxsecuritiessettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the GSX Securities Settlement be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for June 16, 2026; no payments can be issued before a settlement receives final approval.
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New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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