NEW YORK, Nov. 19, 2022 (GLOBE NEWSWIRE) —

Chegg, Inc. CHGG

Lifshitz Law PLLC announces that a class action lawsuit has been filed on behalf of Chegg shareholders alleging that the defendants made materially false and misleading statements and failed to disclose known adverse facts about Chegg’s business, operations and prospects, including: (i) Chegg’s increase in subscribers, growth, and revenue were a temporary impact of the COVID-19 pandemic, which resulted in distance learning for the vast majority of students in the United States, and once pandemic-related restrictions eased and students returned to campuses nationwide, would Chegg’s extraordinary growth trends end; (ii) Chegg’s subscriber and revenue growth was largely due to the facilitation of distance learning, which betrays an unstable business proposition, and not to the strength of its business model or the acumen of its officers and directors; and (iii) as a result, the Company’s current business performance and financial prospects were not as strong as the market suggested during the relevant period.

If you are a Chegg investor and would like more information about our research, please fill out Information Request Form or contact Joshua Lifshitz, Esq. by phone at (516) 493-9780 or by email info@jlclasslaw.com.

Berkeley Lights Inc. BLI

Lifshitz Law PLLC announces that a class action lawsuit has been filed on behalf of Berkeley Lights shareholders alleging that the defendants made false and misleading statements and failed to disclose the following: (i) Berkeley Lights’ flagship product, the Beacon, suffered from numerous design defects – and manufacturing defects, including breakdowns, high error rates, data integrity issues and other issues that limit the ability of biotechnology companies and research institutions to consistently use the machines at scale; (ii) Berkeley Lights had received numerous customer complaints regarding the durability and effectiveness of Berkeley Lights products…