An investigation on behalf of investors in 17 Education & Technology Group Inc. (NASDAQ:YQ) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NASDAQ:YQ stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/11/2022 -- An investigation was announced for investors in shares of 17 Education & Technology Group Inc. (NASDAQ: YQ) concerning potential breaches of fiduciary duties by certain directors of 17 Education & Technology Group Inc.
Investors who are investors in 17 Education & Technology Group Inc. (NASDAQ: YQ) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for investors in NASDAQ: YQ stocks follows a lawsuit filed against 17 Education & Technology Group Inc. over alleged securities laws violations. The investigation on behalf of investors in NASDAQ: YQ stocks, concerns whether certain 17 Education & Technology Group Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Registration Statement featured false and/or misleading statements and/or failed to disclose that: (1) Defendant 17EdTech's K-12 Academic AST Services would end less than a year after the IPO; (2) as part of its ongoing regulatory efforts, Chinese authorities would imminently curtail and/or end 17EdTech's core business; and (3) as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of 17 Education & Technology Group Inc. (NASDAQ: YQ) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.