Jed York, the CEO and member of the ownership group, is facing two insider trading lawsuits over his involvement in a California-based education website that is accused of enabling cheating by college students.In two shareholders' lawsuits obtained by the , York and other Chegg Inc. executives are accused of hiding the website's role in helping students cheat during online exams.Company revenue reportedly spiked during the pandemic because students were able to quickly obtain answers from Chegg during online exams, according to the lawsuits. Then, when the pandemic ended and college students returned to the classroom, Chegg profits quickly plummeted.
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