Levi & Korsinsky, LLP announces that a STG class action lawsuit has been filed on behalf of investors who purchased Sunlands Technology Group (STG) securities between March 1, 2018 and June 30, 2018. For more on the STG Lawsuit please contact us today.
According to the Sunlands Technology Group lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
(1) Sunlands’s student enrollment was declining; (2) Sunlands’s gross billings were declining; (3) Sunlands’s marketing tactics were not as robust as described in the Registration Statement; and (4) as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you suffered a loss in Sunlands Technology Group you have until August 26, 2019 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.