SAN DIEGO & SHANGHAI--(BUSINESS WIRE)--$LAIX #ClassAction--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

[email protected]
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.

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Contacts

Leonid Kandinov

Robbins LLP

5040 Shoreham Place

San Diego, CA 92122

[email protected]
(619) 525-3990 or Toll Free (800) 350-6003

www.robbinsllp.com