Pomerantz Appointed Lead Counsel in 17 Education & Technology Group Securities Litigation

On October 24, 2022, U.S. District Judge Fred W. Slaughter of the Central District of California appointed Pomerantz LLP as Lead Counsel on behalf of Wong Haping and He Xianghong– the Co-Lead Plaintiffs, and the class, in Zhang v. 17 Education & Technology Group Inc., 22-cv-4937 (C.D. Cal.). This securities class action alleges that 17 Education & Technology Group Inc. misled the market in relation to its initial public offering (“IPO”) and the ongoing development of regulatory efforts in China that would materially impact its operations and financial performance. 17EdTech is an education technology company that provides in-school and after-school K-12 education services to schools, teachers…