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 allegedly violated the Securities Exchange Act of 1934 by making misrepresentations and omissions of material fact regarding GSX's enrollments and revenues in public statements to investors, causing GSX securities prices to become artificially inflated before dropping after subsequent disclosures. The defendants denied all allegations, but agreed to settle for $9.5 million.
Do you qualify?
All persons and entities who directly purchased or otherwise acquired publicly-traded American Depositary Shares (ADSs) of GSX from June 6, 2019 through October 20, 2020, inclusive, including those who purchased during the initial public offering on June 6, 2019 or secondary public offering on November 20, 2019, and were damaged thereby. Direct purchases are required; indirect ownership through mutual funds does not qualify.
How to file
File a claim using the online claim form available on this website. You must submit an eligible Claim Form to receive payment from the settlement fund. Contact the Claims Administrator at (855) 779-3369 or info@GSXSecuritiesSettlement.com for more information.
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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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