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San Diego, December 22, 2021 (Global News Agency)-Johnson Fistel, LLP, a shareholder’s equity law firm, announced that it has filed a class action on behalf of all purchases of Chegg, Inc. (“Chegg” or “Chegg”). Company”) (New York Stock Exchange:Zhongguancun) Period of securities May 5, 2020 and November 1, 2021, Both dates are included (“class hours”).The lawsuit was filed in the U.S. District Court for the Northern District of California with the title Steven Leventhal v. Chegg, Inc. et al., Case No. 5:21-cv-09953.
The complaint alleges that Chegg, its chief executive officer and chief financial officer, and others violated the Securities Exchange Act of 1934. According to the complaint, the defendant made material false and misleading statements and failed to disclose known unfavorable facts, operations and prospects about Chegg’s business, including: (i) Chegg’s user increase, growth and revenue…
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