GSX Techedu Securities Settlement
Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases
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 and individual defendants allegedly violated the Securities Exchange Act of 1934 by making misrepresentations and omissions about the company's enrollments and revenues in public statements, artificially inflating GSX security prices. The defendants deny all allegations of wrongdoing, but agreed to settle for $9.5 million.
Do you qualify?
Anyone who purchased or acquired GSX American Depositary Shares (ADSs) between June 6, 2019 and October 20, 2020, inclusive, including those who purchased in the company's initial public offering on June 6, 2019 or secondary offering on November 20, 2019. You must have directly purchased or acquired the securities; owning them through a mutual fund does not qualify.
Who is in the class
All persons and entities, except those who are excluded as described below, who purchased or otherwise acquired GSX Securities, and were damaged thereby, during the period from June 6, 2019 through October 20, 2020, both dates inclusive.
Quoted from the settlement notice.
How to file
Submit an eligible Claim Form to the Claims Administrator, JND Legal Administration. Claimants should provide documentation proving their purchase of GSX Securities during the Class Period. Contact the administrator at 855-779-3369, info@GSXSecuritiesSettlement.com, or mail GSX Securities Settlement, c/o JND Legal Administration, P.O. Box 91131, Seattle, WA 98111.
Common questions
- How much does the GSX Techedu 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 Techedu 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 Techedu 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 Techedu 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.
Who's involved
Plaintiffs
- ALEXANDRE TAZI
- COREY HAYS
- ROBERT ANGELINE
- ZEQIU WU
Defendants
- GOLDMAN SACHS (ASIA) L.L.C.
- BOFA SECURITIES, INC.
- CLSA LIMITED
- BofA SECURITIES, INC.
- BARCLAYS CAPITAL, INC.
- DEUTSCHE BANK SECURITIES, INC.
- CREDIT SUISSE SECURITIES (USA) LLC
- MING LIAO
+ 5 more
Counsel for plaintiffs
Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.
In the news
Headlines via NewsAPI. ClaimWatch isn't affiliated with these publications.
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.
More securities settlements
View all →Eagle Pharma Securities Litigation Settlement
Eagle Pharmaceuticals, Inc. is the subject of a securities litigation class action. Shareholders who purchased the company's publicly traded common stock between August 9, 2022 and October 1, 2024 allege claims covered by this settlement, which the defendant has agreed to settle.
…moreHut 8 Corp. Securities Class Action Settlement
Hut 8 Corp. and individual defendants are accused of alleged securities violations. The company and defendants have agreed to settle claims from investors who purchased securities during the class period without admitting wrongdoing.
Kornit Digital Ltd. Securities Litigation Settlement
Kornit Digital Ltd. and its executives are accused of securities fraud in this class action lawsuit. The defendants have denied all claims and admit no wrongdoing, but have agreed to settle the case for $19.5 million to eliminate the burden and expense of continued litigation.
…more