INVESTIGATION ALERT: Schall Law Firm Encourages Investors in 17 Education & Technology Group Inc. Who Have Suffered $100,000 Losses to Contact the Firm

LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national firm specializing in shareholder rights litigation, announces that it is investigating claims on behalf of investors in 17 Education & Technology Group Inc. (“17 E&T” or ” the Company”) (NASDAQ: YQ) for violations of securities laws.

The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. 17 E&T announced its first quarter financial results on June 10, 2022. The company reported a net loss of $3.9 million on sales of $36.82 million, a nearly 50% drop in revenue compared to the previous year. Based on this news, shares of 17 E&Ts fell more than 21% on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of 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 via the firm’s website at www.schallfirm.com or by e-mail at [email protected]

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 do nothing, you can remain an absent member of the group.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

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