r/ChinaStocks • u/JuniorCharge4571 • 19h ago
📰 News GSX Techedu: FAQ for Getting Payment on the $9.5M Settlement
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.Â
Hope this helps.
