Shareholder Alert: Robbins LLP Announces It Is Investigating the Officers and Directors of LAIX Inc. (LAIX) on Behalf of Shareholders

Shareholder rights law firm Robbins LLP announces it is investigating whether certain officers and directors of LAIX Inc. (NYSE: LAIX) violated federal securities laws. LAIX provides online English learning services through its Liulishuo mobile app in the People's Republic of China.

If you suffered a loss as a result of LAIX's misconduct, click here.

LAIX Inc. (LAIX) Announces Disappointing Fourth Quarter 2019 Results

On March 12, 2020, LAIX issued a press release announcing that the Company's unaudited fourth quarter and full year 2019 financial results. For the quarter, LAIX reported GAAP diluted net loss per share of $0.60 on revenue of $33.2 million, and a noticeable increase in operating expenses for sales and marketing, and administrative expenses, including bonuses, salaries, and benefits for personnel. LAIX also reported a net loss for the full year 2019. On this news, LAIX's stock price fell 15.4% to close at $3.79.

LAIX Inc. (LAIX) Shareholders Have Legal Options

Contact us to learn more:
Leo Kandinov
(800) 350-6003
LKandinov@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.

Attorney Advertising. Past results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200407005855/en/

Contacts

Leonid Kandinov
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
LKandinov@robbinsllp.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsllp.com