GlobeNewswire Inc | Jan 12, 2022 10:00PM EST

January 13, 2022

NEW ORLEANS, Jan. 12, 2022 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (KSF) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until February 22, 2022 to file lead plaintiff applications in a securities class action lawsuit against Chegg, Inc. (NYSE: CHGG), if they purchased the Companys shares between May 5, 2020 and November 1, 2021, inclusive (the Class Period). This action is pending in the United States District Court for the Northern District of California.

What You May Do

If you purchased shares of Chegg as above and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-chgg/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by February 22, 2022.

About the Lawsuit

Chegg and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On November 1, 2021, the Company announced its third quarter financial results, the first quarter in which students returned to campus across the United States, disclosing fewer than expected online enrollments due to the Covid-19 pandemic and failed to provide guidance for 2022.

On this news, shares of Chegg fell nearly 50%.

The case is Leventhal v. Chegg, Inc., No. 21-cv-09953.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nations premier boutique securities litigation law firms. KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you may visit www.ksfcounsel.com.

Contact:Kahn Swick & Foti, LLCLewis Kahn, Managing Partnerlewis.kahn@ksfcounsel.com1-877-515-18501100 Poydras St., Suite 3200New Orleans, LA 70163