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Investigation announced for NYSE: STG investors over possible Wrongdoing at Sunlands Technology Group

11-20-2019 11:49 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Sunlands Technology Group (NYSE: STG) shares.

An investigation on behalf of current long term investors in Sunlands Technology Group (NYSE: STG) shares.

An investigation was announced on behalf of investors in shares of Sunlands Technology Group (NYSE: STG) concerning potential breaches of fiduciary duties by certain directors of Sunlands Technology Group

Investors who are current long term investors in Sunlands Technology Group (NYSE: STG) 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 current long term investors in NYSE: STG stocks follows a lawsuit filed against Sunlands Technology Group over alleged securities laws violations. The investigation on behalf of current long term investors in (NYSE: STG stocks, concerns whether certain Sunlands Technology Group directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Sunlands’s student enrollment was declining, that Sunlands’s gross billings were declining, that Sunlands’s marketing tactics were not as robust as described in the Registration Statement, and that 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.

Those who purchased shares of Sunlands Technology Group (NYSE: STG) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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