San Francisco 49ers CEO and Youngstown native Jed York is facing two shareholders lawsuits accusing him of insider trading and securities violations, according to reporting from the San-Francisco Chronicle. 

According to the Chronicle, the lawsuits accuse York of concealing online educational company Chegg's role in helping college students cheat in online exams while he was a member of the company's board. 

Chegg's revenue surged during the COVID-19 pandemic as more students were forced to study from home, and discovered they could use the program to produce live answers to exam questions.

As society moved on from the pandemic and students returned to campus, Chegg's stock came crashing back down as students were no longer able to use the company's products to complete exams, according to the lawsuits.

The lawsuits further accuse the Chegg board of "gross mismanagement" according to the Chronicle, and claims that the board made false and misleading claims to the SEC in connection with the company's efforts to profit from the prevalence of cheating during the pandemic.

The San Francisco 49ers are owned and chaired by Denise DeBartolo-York, a valley native and heiress to the DeBartolo family. Jed York is DeBartolo-York's son, and was born in Youngstown.