Plaintiffs allege GSX Techedu Inc. (now Gaotu Techedu Inc.) overstated enrollment and revenue in a securities class action that the parties have agreed to resolve with a $9.5 million cash settlement. Investors who bought GSX American Depositary Shares between June 6, 2019 and October 20, 2020 may file claims by May 30, 2026. Case: Wu v. GSX Techedu Inc. et al., No. 1:20-cv-04457 (D.N.J.). The company denies liability but settled to avoid continued litigation costs and uncertainty.