Los Angeles - 
(NewMediaWire) - November 2, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Goldman Sachs Group
Inc. and Morgan Stanley on behalf of shareholders in Gaotu
Techedu Inc. (“Gaotu” or “the Company”) (NYSE: GOTU) f/k/a
GSX Techedu Inc. (“GSX”) (NYSE: GSX) for violations of the securities laws.
Investors who purchased the Company's securities
between March 22, 2021 and March 29, 2021, inclusive (the ''Class Period''),
are encouraged to contact the firm before December 20, 2021.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of
the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067,
at 310-301-3335, to discuss your rights free of charge. You can also reach us
through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been
certified, and until certification occurs, you are not represented by an
attorney. If you choose to take no action, you can remain an absent class
member.
According to the Complaint, Goldman Sachs
Group Inc. and Morgan Stanley sold a large number of GSX shares while in
possession of material non-public information. The defendants knew that Archegos
Capital Management would need to fully liquidate its position in GSX based on
margin call pressures. The defendants avoided billions in losses by selling the
Company’s shares while in possession of this information. When the market
learned the truth about GSX, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors
around the world and specializes in securities class action lawsuits and
shareholder rights litigation.
This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
