Sunlands Technology Group : American Depositary Shares Securities Litigation

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Lawsuit Overview

Defendant:Sunlands Technology Group
Date Filed:June 27th, 2019
Sector:Consumer Services
Industry:Other Consumer Services

According to the Complaint, Sunlands Technology Group is an online post-secondary and professional education company in the PRC.

The Complaint alleges that Defendants throughout the Class Period 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 Sunlands's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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First Identified Complaint

David Horowitz, et al. v. Sunlands Technology Group, et al.

Date Filed:June 27th, 2019
Class Period Start:March 23rd, 2018
Class Period End:June 27th, 2019
First Identified Complaint Filings
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