WHY: New York, NY – 
(NewMediaWire) – January 19, 2022 – New York, N.Y., January
19, 2022. Rosen Law Firm, a global investor rights law firm, reminds purchasers
of the securities of Chegg, Inc. (NYSE: CHGG) between May 5, 2020 and
November 1, 2021, inclusive (the “Class Period”), of the February 22, 2022
lead plaintiff deadline.
SO WHAT: If you purchased
Chegg securities during the Class Period you may be entitled to
compensation without payment of any out of pocket fees or costs through a
contingency fee arrangement.
WHAT TO DO NEXT: To join the Chegg class
action, go to http://www.rosenlegal.com/cases-register-2232.html
or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on
the class action. A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than February 22,
2022. A lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation.
WHY ROSEN LAW: We
encourage investors to select qualified counsel with a track record of success
in leadership roles. Often, firms issuing notices do not have comparable
experience, resources, or any meaningful peer recognition. Many
of these firms do not actually litigate securities class actions.
Be wise in selecting counsel. The Rosen Law Firm
represents investors throughout the globe, concentrating its practice in
securities class actions and shareholder derivative litigation. Rosen Law Firm
has achieved the largest ever securities class action settlement against a
Chinese Company. 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 4 each year since 2013 and has recovered hundreds of
millions of dollars for investors. In 2019 alone the firm secured over $438
million for investors. In 2020, founding partner Laurence Rosen was named by
law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been
recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the
Class Period made false and/or misleading statements and/or failed to disclose
that: (1) 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; (2) 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 (3) as a result, Chegg’s
current business metrics and financial prospects were not as strong as it had
led the market to believe during the Class Period. When the true details
entered the market, the lawsuit claims that investors suffered damages.
To join the Chegg class
action, go to http://www.rosenlegal.com/cases-register-2232.html
or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on
the class action.
No
Class Has Been Certified. Until a class is certified, you are not represented
by counsel unless you retain one. You may select counsel of your choice. You
may also remain an absent class member and do nothing at this point. An
investor’s ability to share in any potential future recovery is not dependent upon
serving as lead plaintiff.
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/.
Attorney Advertising.
Prior results do not guarantee a similar outcome.
——————————-
Contact
Information:
Laurence
Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th 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
View the original release on www.newmediawire.com