Main Menu Jump to Page

View Complaint
Retainer Agreement
info@rosenlegal.com

Sunlands shareholders have an opportunity to recover their investment losses.

Click "Join This Class Action" above.

Attorneys

Sunlands Technology Group

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Sunlands Technology Group (NYSE: STG) resulting from allegations that Sunlands may have issued materially misleading business information to the investing public.

If you purchased Sunlands securities and would like to join the action, please click "Join This Class Action," above.

Press Release

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Sunlands Technology Group -STG

New York, N.Y., June 12, 2019. Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Sunlands Technology Group (NYSE: STG) resulting from allegations that Sunlands may have issued materially misleading business information to the investing public.

On March 23, 2018, Sunlands completed its Initial Public Offering ("IPO"), issuing 13 million American depositary receipts ("ADRs") priced at $11.50 per share.  On May 28, 2019, Sunlands announced its financial and operating results for the first quarter of 2019, which included a net loss of $16.8 million, and advised investors that the Company's "new student enrollments declined, and gross billings were down 28.6% year-over-year." 

Following this news, Sunlands' ADR price fell $0.19 per share, or 6.46%, to close at $2.75 per share on May 29, 2019, representing a total decline of $8.75 per share, or 76.09%, from the IPO price.

Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Sunlands investors. If you purchased shares of Sunlands please visit the firm’s website at http://www.rosenlegal.com/cases-register-1598.html to join the class action. You may also contact Phillip Kim Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or cases@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney advertising. Prior results do not guarantee future outcomes.

-------------------------------

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      cases@rosenlegal.com
      www.rosenlegal.com