Deadline on Feb. 22nd coming up in Lawsuit for Investors in Chegg, Inc. (NYSE: CHGG)

A deadline is coming up on February 22, 2022 in the lawsuit filed for certain investors of Chegg, Inc. (NYSE: CHGG) over alleged securities laws violations by Chegg, Inc.

Investors who purchased shares of Chegg, Inc. (NYSE: CHGG) have certain options and there are strict and short deadlines running. Deadline: February 22, 2022. NYSE: CHGG stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Northern District of California the plaintiff alleges on behalf of purchasers of Chegg, Inc. (NYSE: CHGG) common shares between May 5, 2020 and November 1, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between May 5, 2020 and November 1, 2021, the defendants made false and misleading statements and failed to disclose that Chegg's increase in subscribers, growth, and revenue had been a temporary effect of the COVID-19 pandemic that resulted in remote education for the vast majority of U.S. students and once the pandemic-related restrictions eased and students returned to campuses nationwide, Chegg's extraordinary growth trends would end, that Chegg's subscriber and revenue growth were largely due to the facilitation of cheating - an unstable business proposition - rather than the strength of its business model or the acumen of its senior executives and directors, and that as a result, Chegg's current business metrics and financial prospects were not as strong as it had led the market to believe between May 5, 2020 and November 1, 2021.

Those who purchased shares of Chegg, Inc. (NYSE: CHGG) have certain options and should contact the Shareholders Foundation.

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 lawsuits, 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.

This release was published on openPR.