49ers CEO Jed York is being sued over insider trading accusations
SANTA CLARA, Calif. (AP) — San Francisco 49ers chief executive Jed York is being sued over accusations of insider trading related to his role on the board of an online educational company. The San Francisco Chronicle reported that two shareholder lawsuits have been filed against York and other directors of Santa Clara-based Chegg Inc. The suits allege that York and other directors of Chegg hid the company’s role in helping college students cheat on online exams during the pandemic. The suits say the company’s revenues and stock price fell sharply once colleges resumed in-person testing and students couldn’t use Chegg to cheat.
