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Stock impact report

Lifshitz Law PLLC Announces Investigations of Chegg, Inc. (NYSE: CHGG), DocuSign, Inc. (NASDAQ: DOCU), Organogenesis Holdings Inc. (NASDAQCM: ORGO), and Reata Pharmaceuticals, Inc. (NASDAQ...

Chegg, Inc. (CHGG) 
Last chegg, inc. earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.chegg.com/overview/default.aspx
Company Research Source: GlobeNewswire
NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) -- -- Chegg, Inc. (NYSE: CHGG) Lifshitz Law PLLC announces that a class action complaint was filed on behalf of shareholders of Chegg alleging that the Defendants made materially false and misleading statements and failed to disclose known adverse facts about Chegg's business, operations, and prospects, including that: (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 Show less Read more
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