Sunlands Technology Group (STG) $6.2M Shareholder Settlement

Sunlands Technology Group (STG) settles $6.2 million with investors.

The Complaint alleged that the Company and Accountables made false and/or misleading statements and/or failed to disclose that:

1. Sunlands's student enrollment was declining;
2. Sunlands' 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.