NEW YORK, May 13, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of First High-School Education Group Co., Ltd. securities. (NYSE: FHS) pursuant to and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued under the March 2021 initial public offering (“IPO” or the “Offering”). A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than July 11, 2022.
SO WHAT: If you purchased securities of First High-School Education Group during the Class Period, you may be entitled to compensation without payment of any disbursements or fees through a contingency fee arrangement.
WHAT TO DO NEXT: To join the First High-School Education Group class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=6131 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than July 11, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the IPO’s registration statement was materially false and misleading and failed to state: (1) the new rules, regulations and policies to be implemented by the Chinese government following the parliamentary meetings of the two sessions were significantly more severe than represented to investors and posed a material adverse threat to First High-School Education Group and its business; (2) China’s planned regulations and rules regarding private education were causing slower government approval for the opening of new educational institutions, which would have a negative effect on enrollment and growth of the first group of students. ‘secondary education ; and (3) therefore, statements in the registration statement regarding First High-School Education Group’s historical financial and operating measures and purported market opportunities did not accurately reflect actual business, operations and financial results. and the trajectory of First High-School Education Group. at the time of the IPO, and were materially false and misleading and lacked a factual basis. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the First High-School Education Group class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=6131 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, Pennsylvania