INVESTOR ALERT: Kirby McInerney LLP Reminds Investors That a Class Action Lawsuit Has Been Filed Against Chegg, Inc. & Encour...
November 15 2018 - 8:35PM
Business Wire
The law firm of Kirby McInerney LLP reminds investors that a
class action lawsuit has been filed in the U.S. District Court for
the Northern District of California on behalf of all persons or
entities who acquired Chegg, Inc. (“Chegg”) (NYSE:CHGG) securities
between July 30, 2018 and September 25, 2018 (the
“Class Period”). Investors have until November 26, 2018 to
apply to the Court to be appointed as lead plaintiff in the
lawsuit.
The lawsuit alleges that on September 25, 2018, Chegg reported
that it had “learned that on or around April 29, 2018, an
unauthorized party gained access to a Company database that hosts
user data for chegg.com and certain of the Company’s family of
brands such as EasyBib.” The Company reported that approximately 40
million users’ data could have been obtained and that an
investigation into the incident was ongoing. On this news, the
price of Chegg shares fell $3.91, or over 12%, to close at $28.42
on September 26, 2018.
If you acquired Chegg securities, have information, or would
like to learn more about these claims, please contact Thomas W.
Elrod of Kirby McInerney LLP at 212-371-6600, by email at
investigations@kmllp.com, or by filling out this contact form, to
discuss your rights or interests with respect to these matters
without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20181115006106/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600investigations@kmllp.comwww.kmllp.com
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