NEW YORK, February 8, 2022 /PRNewswire/ — The law firm Klein announces that a class action lawsuit has been filed on behalf of shareholders of Chegg, Inc. (NYSE: CHGG) alleging that the company violated federal securities laws.
This lawsuit is on behalf of all purchasers of common stock of Chegg between May 5, 2020 and November 1, 2021included.
Lead Applicant Deadline: February 22, 2022
No obligation or cost to you.
Learn more about your recoverable losses in CHGG:
Chegg, Inc. NEWS – CHGG NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Chegg, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Chegg’s increased subscriber count, growth and revenue had been a temporary effect of the COVID-19 pandemic which has resulted in distance learning for the vast majority of United States students and once pandemic-related restrictions eased and students returned to campuses across the country, Chegg’s extraordinary growth trends would come to an end; (ii) Chegg’s subscriber and revenue growth was largely due to facilitating cheating in distance education – an unstable business proposition – rather than the strength of its business model or the acumen of its executives superiors and administrators; and (iii) as a result, the Company’s current business metrics and financial outlook were not as strong as the market had led to believe during the Class Period.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you have suffered a loss in Chegg, you have until February 22, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you purchased Chegg securities during the relevant period, you may be entitled to compensation without payment of out-of-pocket costs.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For more information on the CHGG lawsuit, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link: https://www.kleinstocklaw.com/pslra-1/chegg-inc-loss-submission-form-2?id=23410&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigation involving financial fraud across the country. Klein Law Firm is a litigation firm with experience in a wide range of areas, including securities law, corporate finance and commercial litigation. Since 2011, our experienced lawyers have achieved superior results for our clients with a personalized approach. Lawyer advertisement. Prior results do not guarantee similar results.
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
New York, NY 10118
Telephone: (212) 616-4899
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SOURCE Klein Law Firm