Pomerantz LLP is investigating claims on behalf of investors of Chegg, Inc. ("Chegg" or the "Company"). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Chegg and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On September 25, 2018, Chegg reported that on or around April 29, 2018 an unauthorized party had gained access to the personal data of approximately 40 million users of Chegg's online platform, including usernames, email addresses, shipping addresses, and passwords. On this news, Chegg's stock price fell $3.91 per share, or approximately 12%, to close at $28.42 per share on September 26, 2018.