Recent Securities Litigations

Chegg Inc. Common Stock (NYSE: CHGG)

35 Days left to seek lead plaintiff status.

Company Name:Chegg Inc. Common Stock
Stock Symbol:NYSE: CHGG
Class Period Start:05/05/2020
Class Period End (inclusive):11/01/2021
Filing Deadline:02/20/2022

The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) 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 United States students and once the pandemic-related restrictions eased and students returned to campuses nationwide, Chegg's extraordinary growth trends would end; (2) Chegg's subscriber and revenue growth were largely due to the facilitation of remote education cheating – an unstable business proposition – rather than the strength of its business model or the acumen of its senior executives and directors; and (3) as a result, the Company's current business metrics and financial prospects were not as strong as it had led the market to believe during the Class Period.

Chegg Inc. Common Stock (NYSE: CHGG) Claim Form

Name(Required)
Address
Consent(Required)
This field is for validation purposes and should be left unchanged.