The Gross Law Firm Announces Class Actions on Behalf of Shareholders of TAL, MARA and HSAI

PRESS RELEASE

Published May 24, 2023

NEW YORK, NY / ACCESSWIRE / May 23, 2023 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders who purchased shares in the following companies during the dates listed are encouraged to contact the firm regarding a possible Lead Plaintiff appointment. Appointment as Lead Plaintiff is not required to partake in any recovery.

TAL Education Group (NYSE:TAL)

This lawsuit is on behalf of persons or entities who purchased or otherwise acquired TAL American Depository Shares between June 14, 2022 and March 14, 2023, both dates inclusive.

A class action has commenced on behalf of certain shareholders in the TAL Education Group. The filed complaint alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was still providing services relating to academic subjects to students from kindergarten through grade nine; and (2) as a result, the defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/tal-education-loss-submission-form/?id=39837&from=1

Marathon Digital Holdings, Inc. (NASDAQ:MARA)

Investors Affected : May 10, 2021 – February 28, 2023

A class action has commenced on behalf of certain shareholders in Marathon Digital Holdings, Inc. The filed complaint alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (i) the Company overstated the efficacy of its disclosure controls and procedures and internal controls over financial reporting; (ii) as a result, the Company’s revenues and cost of revenue were materially misstated during the class period; (iii) the foregoing, once revealed, is reasonably likely to have a material negative impact on the Company’s financial condition; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

Shareholders may find more information at https://securitiesclasslaw.com/securities/marathon-loss-submission-form/?id=39837&from=1

Hesai Group (NASDAQ:HSAI)

This lawsuit is on behalf of investors who purchased Hesai Group securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Hesai’s February 2023 initial public offering.

A class action has commenced on behalf of certain shareholders in the Hesai Group. The filed complaint alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Hesai Group’s gross margin decrease was caused by a lower in-house utilization rate; (2) Hesai Group’s gross margin was 30% for the fourth quarter-which was completed over a month before the date of the amended registration statement; and (3); as a result, the defendants’ public statements were materially false and misleading at all relevant times and negligently prepared.

Shareholders may find more information at https://securitiesclasslaw.com/securities/hesai-group-loss-submission-form/?id=39837&from=1

The Gross Law Firm, Tuesday, May 23, 2023, Press release picture

The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incur losses when false and/or misleading statements or the omission of material information by a Company leads to artificial inflation of the Company’s stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, New York, 10018
E-mail: [email protected]
Phone: (212) 537-9430
Fax: (833) 862-7770

SOURCE : The Gross Law Firm

View source version on accesswire.com:
https://www.accesswire.com/756927/The-Gross-Law-Firm-Announces-Class-Actions-on-Behalf-of-Shareholders-of-TAL-MARA-and-HSAI

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