GSX Techedu and $GSX Investors Finalise Settlement Agreement — Here’s How to Get Your Share – TradingView
Court: D. New Jersey
Case: 1:20-cv-04457
The settlement agreement between GSX Techedu and $GSX investors has been finalised and is now up for final court approval.
What is this settlement?
Between 2019 and 2020, GSX promoted rapid growth in its K-12 online education platform, citing strong enrollment and revenue gains. However, multiple reports—including from Citron, Muddy Waters, and Grizzly Research—revealed that much of GSX’s reported user and revenue data was allegedly fabricated. After this news, $GSX fell over 80%.
Following this, GSX Techedu was sued by shareholders and has agreed to settle the case.
What can you do to recover your losses now?
While the details are still being finalised, you can already submit your claim and be notified of any further updates.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.
Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Case: 1:20-cv-04457
The settlement agreement between GSX Techedu and $GSX investors has been finalised and is now up for final court approval.
What is this settlement?
Between 2019 and 2020, GSX promoted rapid growth in its K-12 online education platform, citing strong enrollment and revenue gains. However, multiple reports—including from Citron, Muddy Waters, and Grizzly Research—revealed that much of GSX’s reported user and revenue data was allegedly fabricated. After this news, $GSX fell over 80%.
Following this, GSX Techedu was sued by shareholders and has agreed to settle the case.
What can you do to recover your losses now?
While the details are still being finalised, you can already submit your claim and be notified of any further updates.
More than 100 companies are currently paying out settlements. Connect your brokerage account to automatically check which ones you may have missed.
Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.
source
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
