Gaotu Techedu Inc. Loss Submission Form

The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Gaotu Techedu Inc. (NYSE: GOTU) securities between March 22, 2021 and March 29, 2021.

According to a filed complaint, Goldman Sachs Group Inc. and Morgan Stanley avoided billions of dollars in losses by selling Gaotu shares while in possession of material non-public information. Specifically, the plaintiff claims that defendants knew that Archegos Capital Management failed (or was likely to fail) to meet a margin call, requiring it to fully liquidate its position in Gaotu. When the market learned the truth about Gaotu, investors suffered damages.

If you suffered a loss in Gaotu you have until December 20, 2021 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

To receive more information, please fill out the form.

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This submission does not create an attorney-client relationship. By submitting your information, you are giving us your express consent to contact you by email, text message, SMS, or call you by telephone.

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