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Updates for Getting Payment on the GSX Techedu ($GSX) $9.5 Million Settlement
Investor summaryBearish
Investors who bought $GSX between June 2019 and Oct 2020 may still claim losses from a $9.5M settlement over past accounting fraud.
Bear points
- The company was accused of exaggerating student numbers and revenue to inflate its business performance.
- The stock crashed over 80% following public reports of data manipulation and an SEC investigation.
Post body
If you owned $GSX during the company's rapid growth years, you may still be able to recover losses as late claims are currently being considered.
GSX was accused of exaggerating its student numbers and revenue, making the business appear stronger than it really was. After reports questioned the company's data and an SEC investigation became public, $GSX lost more than 80% of its value and investors sued.
If you purchased $GSX shares between June 2019 and October 2020, you may still be eligible to submit a claim. Since late claims are being considered, it's worth checking whether you qualify.
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