GOTU LAWSUIT ALERT: Levi & Korsinsky Notifies Gaotu Techedu Inc. F/K/A Gsx Techedu Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Feb. 2, 2023

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Gaotu investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons or entities who purchased or otherwise acquired publicly traded Gaotu American depository shares between March 5, 2021 and July 23, 2021, inclusive. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/gaotu-lawsuit-loss-submission-form?prid=36120&wire=4

GOTU investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) China was barring tutoring for profit in core school subjects, and this policy change would restrict foreign investment in a sector that had become essential to success in Chinese school exams; and (2) the impact such regulations would have on Gaotu's operations and profitability and the value of Company securities.

WHAT'S NEXT? If you suffered a loss in Gaotu during the relevant time frame, you have until February 28, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.