BENSALEM, Pa.–(BUSINESS WIRE)–$GSX #fraud–Law Offices of Howard G. Smith continues its investigation on behalf of GSX Techedu Inc. (“GSX” or the Company”) (NYSE: GSX) investors concerning the Company and its officers’ possible violations of federal securities laws.
On April 14, 2020, the investment analyst Citron Research issued a report on GSX entitled “GSX Techedu Inc – The Most Blatant Chinese Stock Fraud since 2011.” The Citron Report claimed that the Company “is overstating revenue by up to 70% and should immediately halt trading and launch an internal investigation.”
On this news, the Company’s American Depositary Share (“ADS”) price fell sharply during intra-day trading, thereby injuring investors.
If you purchased GSX securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com
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