NEW YORK, June 23, 2022 / PRNewswire / – Levi & Korsinsky, LLP notifies investors in First High School Education Group Co., Ltd. (“FHS” or the “Company”) (NYSE: FHS) is a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover recoveries from FHS investors who were adversely affected by alleged securities fraud. This lawsuit applies to all persons or entities who purchased FHS American Depositary Shares or traceable to the Company’s March 2021 initial public offering. Follow the link below to get more information and be contacted by a member of our team:
FHS Investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that the defendants made false statements and / or concealed that: (a) the new rules, regulations and policies implemented by the Chinese government following the two sessions were held far more severely than investors and posed a material. adverse threat to the company and its business; (b) contemplated Chinese regulations and rules regarding private education leading to a slowdown of government approval to open new educational facilities that would have a negative impact on FHS’s enrollment and growth; and (c) as a result, representations made in connection with the Company’s initial public offering regarding FHS’s historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of the Company at the time. of the initial public offering, and were materially false and misleading and lacking on a factual basis.
WHAT’S NEXT? If you suffered a loss in FHS during the relevant time frame, you have until July 11, 2022 Request that the court appoint you as plaintiff. Your ability to share in any recovery does not require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a Class Member, you may be entitled to compensation without any out-of-pocket costs or fees. There is no cost or obligation to token.
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 ISS Securities Class Action Services’ top 50 report as one of the top securities litigation firms the United StatesGeneral Chat Chat Lounge
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP
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