Feb. 18 at 3:07 PM
$GOTU has agreed to settle with investors over claims that it overstated enrollment numbers and revenue, misleading the market about the strength of its online education business.
Who’s eligible?
Anyone who purchased
$GOTU shares between June 6, 2019 and October 20, 2020.
Do I need to sell my shares to qualify?
No — you are eligible whether you sold your shares or still hold them.
How much is the payout?
The payout per share is
$0.20 — but normally only about 25% of eligible investors file claims. If that trend holds, the effective payout could rise to approximately
$0.80 per share.
Can I still file?
Yes — the settlement terms have been submitted to the court for approval and claims are expected to be accepted.
When do payouts happen?
Typically within 8–12 months after court approval of the settlement.
To file your claim: https://11th.com/cases/gsx-investor-settlement
