Lead Plaintiff Deadline: February 28, 2023
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American depository shares between March 5, 2021 and July 23, 2021
(1) China was barring tutoring for profit in core school subjects, and this policy change would restrict foreign investment in a sector that had become essential to success in Chinese school exams; and (2) the impact such regulations would have on Gaotu’s operations and profitability and the value of Company securities.
In order to be included in the lawsuit, you must have incurred a loss on shares of Gaotu, either: A) purchased or acquired during the class period listed above, if applicable; or B) pursuant to the Initial Public Offering (IPO) of Gaotu, if applicable.
If you suffered a loss in Gaotu during the relevant time frame, or pursuant to Gaotu’s IPO if listed above, you have until February 28, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.