Gaotu Techedu, Inc. Company News: Berger Montague Investigates Securities Fraud Allegations Against Goldman Sachs and Morgan Stanley On Behalf of Investors in Gaotu Techedu, Inc. (GOTU); Lead Plaintiff Deadline is December 20, 2021
Philadelphia, Pennsylvania--(Newsfile Corp. - December 3, 2021) - Berger Montague is investigating securities fraud allegations against Goldman Sachs Group, Inc. and Morgan Stanley on behalf of investors who purchased the securities of Gaotu Techedu, Inc. ("Gaotu Techedu" or the "Company") (NYSE: GOTU) between March 22, 2021 and March 29, 2021 (the "Class Period").
If you purchased Gaotu Techedu securities during the Class Period, would like to discuss Berger Montague's investigation, or have questions concerning your rights or interests, please contact attorneys Andrew Abramowitz at email@example.com or (215) 875-3015, or Michael Dell'Angelo at firstname.lastname@example.org or (215) 875-3080, or visit: https://bergermontague.com/cases/gaotu-techedu-stock-berger-montague-investigates-securities-fraud/.
Whistleblowers: Anyone with non-public information regarding Goldman Sachs or Morgan Stanley in connection with those entities' trading in Gaotu Techedu is encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.
According to a recently filed complaint, Goldman Sachs Group Inc. and Morgan Stanley sold a large number of Gaotu Techedu shares while in possession of material non-public information. The defendants knew that Archegos Capital Management would need to fully liquidate its position in Gaotu Techedu based on margin call pressures. The defendants avoided billions in losses by selling the Company's shares while in possession of this information. When the market learned the truth about Gaotu Techedu, investors suffered significant losses.
Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Andrew Abramowitz, Senior Counsel
Michael Dell'Angelo, Managing Shareholder
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