NEW YORK, NY / ACCESSWIRE / March 13, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of LAIX, Inc. ("LAIX" or the "Company") (NYSE:LAIX). Investors who purchased LAIX securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/laix.
The investigation concerns whether LAIX and certain of its officers and/or directors have violated federal securities laws.
On March 12, 2020, LAIX issued a press release announcing the Company's unaudited fourth quarter and full year 2019 financial results. For the quarter, LAIX reported GAAP earnings per share of -$0.60 on revenue of $33.2 million, both of which fell short of consensus estimates. On this news, LAIX's stock price fell $0.69 per share, or 15.4%, to close at $3.79 per share on March 13, 2020.
If you are aware of any facts relating to this investigation, or purchased LAIX shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/laix. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC