LOS ANGELES, CA / ACCESSWIRE / June 20, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against First High-School Education Group Co., Ltd. ('First High-School Education Group' or 'the Company') (NYSE:FHS) for violations of the federal securities laws.
Investors who purchased the Company's shares pursuant and/or traceable to the Company's initial public offering conducted in March 2021 (the 'IPO') are encouraged to contact the firm before July 11, 2022.
If you are a shareholder who suffered a loss, click here to participate.
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 email@example.com.
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.
According to the Complaint, the Company made false and misleading statements to the market. First High-School Education Group misrepresented the material adverse threat to its business posed by the Chinese government's new rules, regulations, and policies. The Government's proposed rules on private education were already impacting the Company through a slowdown in approvals for new facilities. Based on these facts, the Company's public statements and documents released throughout the IPO period were false and materially misleading. When the market learned the truth about First High-School Education Group, investors suffered damages.
Join the caseto recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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The Schall Law Firm
Brian Schall, Esq.,
SOURCE: The Schall Law Firm
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