1:19cv3744 • June 27, 2019
Class Period Start
March 23, 2018
Class Period End
June 27, 2019
PSLRA Deadline
August 26, 2019
Case Allegations
10b5 + Sec11
10b-5 Statutes of Repose
Mar 23, 2021
Sec11 Statutes of Repose
Mar 22, 2021
Country
United States
Court
Federal Court
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
August 28, 2023
Settlement Fund
$6,200,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased the publicly-traded American Depository Shares (“ADSs” or “shares”) of Sunlands Technology Group (“Sunlands”) pursuant or traceable to the registration statement and related prospectus issued in connection with Sunlands’ March 2018 initial public stock offering.
Claim Administrator
Strategic Claims Services
Sunlands Securities Litigation
c/o Strategic Claims Services
600 N. Jackson St., Ste. 205
P.O. Box 230
Media, PA 19063
+1 866-274-4004
[email protected]
Settlement Website
https://www.strategicclaims.net/Sunlands/Hearing Date
September 27, 2023
Opt-out Deadline
September 6, 2023
Settlement Note
Download hereProof Of Claim
Download here
Apr 10, 2024
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.
Oct 11, 2023
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.
Jun 14, 2023
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.
May 8, 2023
Mar 31, 2021
The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.
Jun 26, 2020
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.
Jun 11, 2020
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.
Jan 21, 2020
Nov 15, 2019
A new complaint has been filed on behalf of certain investors in Sunlands Technology Group. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Sep 13, 2019
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.
Jun 27, 2019
A securities fraud class action complaint has been filed on behalf of certain investors in Sunlands Technology Group.
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