Chegg Inc.‘s board and auditors at Deloitte & Touche LLP on Wednesday defeated a lawsuit claiming the company’s leaders made millions on stock sales while concealing that the business was based on academic cheating.
A Delaware judge dismissed allegations that Chegg’s directors touted its high ethical standards while facilitating cheating, and covering it up by offering tips on evading academic integrity software.
Investor Brian Stansell’s class action complaint said the company’s products have become so pervasive on college campuses that exploiting them is known as “chegging.”
His suit, filed in Delaware’s Chancery Court in early 2023, came as generative ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.