Los Angeles - 
(NewMediaWire) - November 1, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Goldman Sachs Group
Inc. and Morgan Stanley on behalf of shareholders in Gaotu
Techedu Inc. (“Gaotu” or “the Company”) (NYSE: GOTU)
f/k/a GSX Techedu Inc. (“GSX”) (NYSE: GSX) for
violations of the
securities laws.
Investors who
purchased the Company's securities between March 22, 2021 and March 29, 2021,
inclusive (the ''Class Period''), are encouraged to contact the firm before December
20, 2021.
If you are a
shareholder who suffered a loss, click here to participate.
We also encourage you
to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite
2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of
charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this
case, has not yet been certified, and until certification occurs, you are not
represented by an attorney. If you choose to take no action, you can remain an
absent class member.
According to the
Complaint, Goldman Sachs Group Inc. and Morgan Stanley sold a large number of GSX
shares while in possession of material non-public information. The defendants
knew that Archegos Capital Management would need to fully liquidate its
position in GSX based on margin call pressures. The defendants avoided billions
in losses by selling the Company’s shares while in possession of this
information. When the market learned the truth about GSX, investors suffered
damages.
Join the case to recover your losses.
The Schall Law Firm
represents investors around the world and specializes in securities class
action lawsuits and shareholder rights litigation.
This press release may
be considered Attorney Advertising in some jurisdictions under the applicable
law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
