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Levi & Korsinsky Announces Chegg, Inc. Class Action, CHGG Lawsuit

Levi & Korsinsky

October 9, 2018

NEW YORK, October 9, 2018 – Levi & Korsinsky announces a class action on behalf of shareholders of Chegg, Inc. (“Chegg”) (NYSE: CHGG) who purchased shares between July 30, 2018 and September 25, 2018. You are hereby notified that the Chegg class action lawsuit has been commenced in the United States District Court for the Northern District of California. To get more information about the CHGG class action go to: https://www.zlk.com/pslra-1/chegg-inc-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The CHGG lawsuit alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked adequate security measures to protect users’ data; (2)  the Company lacked the internal controls and procedures to detect unauthorized access to its systems and to its data; (3)  as a result, the Company would incur additional expenses and litigation risks; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis.

 

If you suffered a loss in Chegg you have until November 26, 2018 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.

 

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com