NEW YORK, August 16, 2022
NEW YORK, August 16, 2022 /PRNewswire/ — Klein Law Firm announces that a class action lawsuit has been filed on behalf of shareholders of 17 Education & Technology Group Inc. (NASDAQ: YQ) alleging the company violated federal privacy laws. securities.
This lawsuit is on behalf of persons or entities that have purchased or otherwise acquired publicly traded securities of 17EdTech pursuant to and/or traceable to the registration statement and related prospectus issued in connection with 17EdTech. December 2020 initial public offering.
Lead Applicant Deadline: September 19, 2022
No obligation or cost to you.
Learn more about your recoverable losses at YQ:
17 Education & Technology Group Inc. NEWS – YQ NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that 17 Education & Technology Group Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) 17EdTech’s K-12 academic AST services would end within one year after the company’s IPO. ; (2) as part of its ongoing regulatory efforts, the Chinese authorities would reduce and/or imminently terminate 17EdTech’s core business; and (3) as a result, defendants’ statements regarding the Company’s business, operations and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.
WHAT THIS MEANS FOR YOU AS A SHAREHOLDER: If you suffered a loss in 17EdTech, you have up to September 19, 2022 ask the court to obtain the status of principal plaintiff. Your ability to participate in any recovery does not require you to serve as the primary plaintiff.
AT NO CHARGE TO YOU: If you purchased 17EdTech titles 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 YQ trial, please contact J. Klein, Esq. by phone at 212-616-4899 or click on this link: https://www.kleinstocklaw.com/pslra-1/17-education-technology-group-inc-loss-submission-form?id=30847&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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