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Sunlands Technology Group Loss Submission Form

The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Sunlands Technology Group (NYSE: STG) who purchased shares pursuant and/or traceable to Sunlands’ March 2018 initial public stock offering. The action, which was filed in the United States District Court for the Eastern District of New York, alleges that the Company violated federal securities laws.

In particular, the Sunlands lawsuit alleges that (1) Sunlands' student enrollment was declining; (2) Sunlands' gross billings were declining; (3) Sunlands' marketing tactics were not as robust as described in the Registration Statement; and (4) as a result, Defendants’ statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Shareholders have until August 26, 2019 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.

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The Klein Law Firm does not share your information with others. There is no cost or obligation. This submission does not create an attorney-client relationship. If we believe that you might be an appropriate lead plaintiff, we will contact you to discuss whether to establish an attorney-client relationship.