CHGG DEADLINE TUESDAY: ROSEN, A TOP RANKED FIRM, Encourages Chegg, Inc. Investors to Secure Counsel Before Important February 22 Deadline in Securities Class Action – CHGG
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Chegg, Inc. (NYSE: CHGG) between May 5, 2020, and November 1, 2021, inclusive (the “Class Period”), of the February 22, 2022 lead plaintiff deadline.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Chegg’s increase in subscribers, growth, and revenue had been a temporary effect of the COVID-19 pandemic that resulted in remote education for the vast majority of United States students, and once the pandemic-related restrictions eased and students returned to campuses nationwide, Chegg’s extraordinary growth trends would end; (2) Chegg’s subscriber and revenue growth were largely due to the facilitation of remote education cheating – an unstable business proposition – rather than the strength of its business model or the acumen of its senior executives and directors; and (3) as a result, Chegg’s current business metrics, and financial prospects were not as strong as it had led the market to believe during the Class Period. When the true details entered the market, the lawsuit claims that investors suffered damages.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Many of these firms do not actually handle securities class actions but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest-ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for a number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
SO WHAT: If you purchased Chegg securities during the Class Period, you may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Chegg class action, go to https://rosenlegal.com/submit-form/?case_id=3036 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action. A class-action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 22, 2022 A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
No Class Has Been Certified Until a class is certified, you are not represented by counsel unless you retain one You may select counsel of your choice You may also remain an absent class member and do nothing at this point An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Attorney Advertising Prior results do not guarantee a similar outcome.
SOURCE: The Rosen Law Firm via PRNewswire – February 22, 2022, @ 11:02 ET