Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

CHEGG, INC (CHGG) Class Action Lawsuit (December 2021)

Closed

5:21cv9953 • December 22, 2021

Class Period Start

May 5, 2020

Class Period End

January 28, 2022

PSLRA Deadline

February 22, 2022

Case Allegations

10b5

Statutes of Repose

May 5, 2023

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

March 31, 2025

Settlement Fund

$55,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired Chegg, Inc. (“Chegg” or the “Company”) common stock between May 5, 2020, and November 1, 2021, inclusive, and who were damaged thereby.

Claim Administrator

A.B. Data, Ltd.
P.O. Box 173024 Milwaukee, WI 53217
+1 877-884-2550
[email protected]

Hearing Date

April 24, 2025

Opt-out Deadline

March 27, 2025

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Nov 18, 2025

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

May 21, 2025

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Feb 27, 2025

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

Dec 19, 2024

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Dec 19, 2024

Notice of Pendency

Dec 19, 2024

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Nov 6, 2024

Motion for Preliminary Approval of Settlement

The parties have asked the court to give preliminary approval to a proposed settlement. The judge will review the request and decide whether the settlement can move forward to the next stage. If approved, potential class members will generally receive information about the settlement and their rights, including any deadlines for taking action.

Mar 4, 2024

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Feb 16, 2023

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Dec 8, 2022

First Amended Complaint

A new complaint has been filed on behalf of certain investors in CHEGG, INC. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Sep 19, 2022

Scheduling Order

Sep 7, 2022

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Dec 22, 2021

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in CHEGG, INC.

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