LOS ANGELES–(BUSINESS WIRE)–Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against First High-School Education Group Co., Ltd. (“First High-School Education Group” or “the Company”) (NYSE: FHS) for violating federal securities laws.
Investors who have purchased shares of the Company as part of and/or traceable to the Company’s initial public offering completed in March 2021 (the “IPO”) are encouraged to contact the Company by July 11, 2022.
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 email 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.
According to the complaint, the company made false and misleading statements to the market. First High-School Education Group has misrepresented the significant negative threat to its business posed by new Chinese government rules, regulations and policies. The government’s proposed rules on private education were already having an impact on society due to a slowdown in approvals for new facilities. Based on these facts, public statements and Company documents issued throughout the IPO period were false and materially misleading. When the market learned the truth about First High-School Education Group, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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