GSX Techedu $9.5 Million Securities Class Action Settlement
Court case: Yang Renbin, et al. v. GSX Techedu Inc., et al.
GSX Techedu (now Gaotu Techedu), a Chinese online education company, settled a securities class action for $9.5 million after investors said the company misled them about its business. The case covered purchasers of GSX American Depositary Shares between June 6, 2019 and October 20, 2020, including its IPO and secondary offering. The claim deadline passed on May 30, 2026, and the case is now closed.
Official eligibility wordingAll Persons who purchased or otherwise acquired the publicly-traded ADSs of GSX Techedu Inc. during the period from June 6, 2019 through October 20, 2020, inclusive. Checked against the official settlement source by SettleSignal on June 19, 2026.
Key facts
- Who may qualify Investors who purchased GSX Techedu (now Gaotu Techedu) ADSs between June 6, 2019 and October 20, 2020, including through its IPO or secondary offering, were part of the class.
- Estimated payout$9.5 million total settlement; approximately $0.12 per share after deductions
- Claim deadlineMay 30, 2026 (closed)
- Proof requiredYes
- What you needClaims had to be filed by May 30, 2026; that window is closed.
- CourtUnited States District Court for the District of New Jersey
Important dates
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How we verified this record
- Claim deadline
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5 official sources linked to this record.
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Claim deadline
May 30, 2026
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Eligibility summary Quoted in the official eligibility wording above ↑
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Proof requirement
Yes
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Payment status
Appeal period
Settlement Hearing: June 4, 2026, at 10:00 a.m., Courtroom PO #4, United States District Court, District of New Jersey, 50 Walnut Street, Newark, NJ 07101, before the Honorable Michael E. Farbiarz.
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Estimated payout
$9.5 million total settlement; approximately $0.12 per share after deductions
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Administrator
JND Legal Administration
Show all 7 more verified fields
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Objection deadline
May 28, 2026
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Opt-out deadline
May 28, 2026
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Class period start
June 6, 2019
All persons who purchased GSX securities between June 6, 2019 through October 20, 2020, inclusive.
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Class period end
October 20, 2020
All persons who purchased GSX securities between June 6, 2019 through October 20, 2020, inclusive.
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Court
United States District Court for the District of New Jersey
Yang Renbin, et al. v. GSX Techedu Inc., et al., Case No. 2:20-CV-04457 (MEF) (JRA), United States District Court for the District of New Jersey.
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Court case number
2:20-CV-04457 (MEF) (JRA)
Case No. 2:20-CV-04457 (MEF) (JRA), United States District Court for the District of New Jersey.
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Case name
Yang Renbin, et al. v. GSX Techedu Inc., et al.
Yang Renbin, et al. v. GSX Techedu Inc., et al., Case No. 2:20-CV-04457 (MEF) (JRA), United States District Court for the District of New Jersey.
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