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YQ.US
id: 254, Created by Law Guard, Scout
17 Education Technology Group Inc
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On July 23, 2021, Chinese authorities banned after-school tutoring companies such as 17 Education & Technology Group Inc. from making profits, raising capital, or going public. These measures formally ended any potential growth in the for-profit tutoring sector in the PRC.
On that news, the price of 17 Education & Technology ADRs fell more than 38% to $5.64.
There are grounds to believe that the Company knew about Chinese authorities’ plans to restrict 17 Education & Technology Group Inc. core businesses and it was not disclosed in the company’s IPO documents for its December 4, 2020, IPO. which damaged the investors in 17 Education & Technology Group Inc.’s ADRs.
Alleged Offence
Misleading Statements,
Failure to Disclose,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Investment Bank
Security Type
Stocks
Trade Direction
Long
Shock Event Date
23 July 2021
Court
Central District of California