Levi & Korsinsky Notifies First High-School Education Group Co., Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline
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) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of FHS investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons or entities who purchased FHS American Depositary Shares in 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 defendants made false statements and/or concealed that: (a) the new rules, regulations and policies to be implemented by the Chinese government following the Two Sessions parliamentary meetings were far more severe than represented to investors and posed a material adverse threat to the Company and its business; (b) contemplated Chinese regulations and rules regarding private education were leading to a slowdown of government approval to open new educational facilities which would have a negative effect 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 lacked a factual basis.
WHAT’S NEXT? If you suffered a loss in FHS during the relevant time frame, you have until July 11, 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 are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Phone: (212) 363-7500
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP