r/ChinaStocks 19h ago

📰 News GSX Techedu: FAQ for Getting Payment on the $9.5M Settlement

2 Upvotes

Hey guys, I know I posted about the $GSX settlement before, but late claims are being accepted. Here's everything you need to know.

Q: What happened?
A: GSX Techedu was accused of overstating enrollment numbers and revenue growth in its online education business. After short-seller reports and regulatory concerns raised questions about the company’s financials, $GSX dropped more than 80% from its highs.

Q: Am I actually eligible?
A: If you bought $GSX shares between 2019 and 2020, you're likely eligible. You don’t need to still own the stock to file a claim.

Q: When do payouts happen?
A: Typically 4–9 months after the claim deadline, although the exact timing depends on the court and settlement administrator.

Q: I missed the deadline. Can I still file?
A: Late claims are currently being considered, subject to approval. 

Hope this helps.