Lead Plaintiff Deadline: December 20, 2021
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Goldman Sachs and Morgan Stanley sold a large amount of Gaotu shares during the Class Period while in possession of material, non-public information about Archegos and its need to fully liquidate its position in the Company because of margin call pressure. As a result of these sales, Defendants Goldman Sachs and Morgan Stanley avoided billions in losses combined.
In order to be included in the lawsuit, you must have incurred a loss on shares of Gaotu purchased during the class period listed above.
If you suffered a loss in Gaotu during the relevant time frame, you have until December 20, 2021 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.