SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Chegg, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of February 22, 2022 - CHGG

PR Newswire
Thursday, January 27, 2022 at 6:10pm UTC

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Chegg, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of February 22, 2022 - CHGG

PR Newswire

NEW YORK, Jan. 27, 2022 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired Chegg, Inc. ("Chegg" or the "Company") (NYSE: CHGG) common stock between May 5, 2020 and November 1, 2021, inclusive. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Northern District of California. To get more information go to:

https://www.zlk.com/pslra-1/chegg-inc-loss-submission-form?prid=22610&wire=4

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.There is no cost or obligation to you.

Chegg, Inc. NEWS - CHGG NEWS

CASE DETAILS: According to the filed complaint: (i) 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; (ii) 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 (iii) 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.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Chegg, you have until February 22, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased Chegg securities This lawsuit is on behalf of all purchasers of Chegg common stock between May 5, 2020 and November 1, 2021, inclusive., you may be entitled to compensation without payment of any out-of-pocket costs or fees.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/chegg-inc-loss-submission-form?prid=22610&wire=4 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT: 
Levi & Korsinsky, LLP 
Joseph E. Levi, Esq. 
Ed Korsinsky, Esq. 
55 Broadway, 10th Floor 
New York, NY 10006 
jlevi@levikorsinsky.com 
Tel: (212) 363-7500 
Fax: (212) 363-7171 
www.zlk.com 

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SOURCE Levi & Korsinsky, LLP