The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of 17 Education & Technology Group Inc. (“17 E&T” or “the Company”) (NASDAQ: YQ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. 17 E&T announced its first quarter financial results on June 10, 2022. The Company disclosed a net loss of $3.9 million on sales of $36.82 million, a nearly 50% fall in revenue from the prior year. Based on this news, shares of 17 E&T fell by more than 21% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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