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17 Education & Technology Group Inc. (NASDAQ: YQ) Investor Notice: Deadline in Lawsuit on September 19, 2022

09-12-2022 11:51 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on September 19, 2022 in the lawsuit for certain investors in 17 Education & Technology Group Inc.

A Deadline is coming up on September 19, 2022 in the lawsuit for certain investors in 17 Education & Technology Group Inc.

A deadline is coming up on September 19, 2022 in the lawsuit filed for certain investors of 17 Education & Technology Group Inc. (NASDAQ: YQ) over alleged securities laws violations by 17 Education & Technology Group Inc.

Investors who purchased shares of 17 Education & Technology Group Inc. (NASDAQ: YQ)
have certain options and there are strict and short deadlines running. Deadline: September 19, 2022. NASDAQ: YQ 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 Central District of California the plaintiff alleges on behalf of purchasers of 17 Education & Technology Group Inc. (NASDAQ: YQ) common shares, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims 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:
Christopher Clausen
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.

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