07/07/2019 15:00:00

Zhang Investor Law Reminds Investors of Deadline in Securities Class Action Lawsuit Against Sunlands Technology Group

NEW YORK, July 07, 2019 (GLOBE NEWSWIRE) -- Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Sunlands Technology Group (NYSE: STG) pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Sunlands’s March 2018 initial public stock offering (the “IPO” or the “Offering”). The lawsuit seeks to recover damages for Sunlands investors under the federal securities laws.

If you wish to serve as lead plaintiff, you must move the Court no later than August 26, 2019.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. 

To join the class action, go to https://zhanginvestorlaw.com/join-action-form/?slug=sunlands-technology-group&id=1924or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Sunlands’s student enrollment was declining; (2) Sunlands’s gross billings were declining; (3) Sunlands’s marketing tactics were not as robust as described in the Registration Statement; and (4) as a result, defendants’ statements about Sunlands’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class has not been certified.  You may retain counsel of your choice.  You may take no action at this time and be an absent class member.  Your ability to obtain a recovery is not dependent upon being a lead plaintiff.  

Zhang Investor Law represents investors worldwide.  Attorney Advertising.  Prior results do not guarantee similar outcomes.

Zhang Investor Law P.C.

99 Wall Street, Suite 232

New York, New York 10005

info@zhanginvestorlaw.com

tel: (800) 991-3756

Zahng-Investor-Law.png

Del

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
11 Jul
 
Kan vi tåle en fredagsjoke? (og det er ikke Fingerprint Cards jeg tænker på :-) ) En blind mand går ..
31
11 Jul
VELO
Lånt fra skribent i FB gruppen “Veloxis Investor” “Hovedorganisationen for transplantationer i US..
26
12 Jul
 
Man hører det igen og igen. Donald Trump er ubegavet, dum, idiot - derudover racist, nazist - en opp..
25
10 Jul
GEN
I kurs 1500 var der også taget meget forskud på glæderne - og så har der været et par setbacks tilli..
18
12 Jul
PNDORA
Har lige været i Frankrig hvor jeg kiggede forbi en butik hvor jeg konstaterede at der var godt med ..
16
11 Jul
DANSKE
Helt enig - desværre.   Danske Bank har i den grad været åben og informativ inden for rammerne af hv..
16
12 Jul
 
Han er den største psykopat, der nogen sinde har siddet ved magten, og han er DYBT ustabil og højst ..
15
15 Jul
BAVA
Tænk engang, med alt det du skriver om Bavarian og ebola vaccinen, så skulle man tro, at du bare ved..
12
12 Jul
BAVA
Dejligt at se den er begyndt at stige - indenfor 2 1/2 mdr kommer der til at ske rigtig meget:   Ko..
12
12 Jul
 
Det eneste konkrete Tumpen har budt på er en ufinansieret skattereform. Det billigste trick i verden..
12

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

#

EuroInvestor: In Focus
#

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
CellaVision ABs strongest quarter ever with continued growth
2
Corporate Social Responsibility: Eramet commits to short-term specific objectives
3
Yara signs new USD 1,100 million Revolving Credit Facility with margin linked to Carbon Intensity Target
4
Arc Aroma Pure AB: 190716 ArcAroma and Källby wastewater treatment plant starts evaluation of dynaCEPT®
5
Change in the Board of Directors of Realkredit Danmark A/S

Latest news


Copyright Berlingske Media 2019  Cookie- and Privacy policy  |  Cookies  |   General terms of trade  |   Terms of use and IP rights
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
17 July 2019 02:22:53
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20190703.1 - EUROWEB1 - 2019-07-17 03:22:53 - 2019-07-17 02:22:53 - 1000 - Website: OKAY