Energy News / Shareholders Foundation, Inc.

NYSE: STG Investor Notice: Investigation Announced for over Possible Wrongdoing at Sunlands Technology Group

Via: ReleaseWire

Updated 12:15 PM CST, Wed, December 04,2019

An investigation on behalf of current long term investors in Sunlands Technology Group () shares over possible breaches of fiduciary duty by certain officers and directors was announced.

San Diego, CA -- (SBWIRE) -- 12/04/2019 -- Certain directors of Sunlands Technology Group (NYSE: STG) are under investigation concerning potential breaches of fiduciary duties

Investors who are current long term investors in Sunlands Technology Group (NYSE: STG) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: STG stocks follows a lawsuit filed against Sunlands Technology Group over alleged securities laws violations. The investigation on behalf of current long term investors in (NYSE: STG stocks, concerns whether certain Sunlands Technology Group directors are liable in connection with the allegations made in that lawsuit.

The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Sunlands's student enrollment was declining, that Sunlands's gross billings were declining, that Sunlands's marketing tactics were not as robust as described in the Registration Statement, and that as a result, defendants' statements about Sunlands's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Those who purchased shares of Sunlands Technology Group (NYSE: STG) have certain options and should contact the Shareholders Foundation.

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nyse-stg-investor-notice-investigation-announced-for-over-possible-wrongdoing-at-sunlands-technology-group-1267015.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com