IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces an Investigation of New Oriental Education & Technology Group Inc. & En...
December 06 2016 - 8:46PM
Business Wire
Khang & Khang LLP (the “Firm”) announces that it is
investigating claims against New Oriental Education &
Technology Group Inc. (“New Oriental” or the “Company”) (NYSE: EDU)
concerning possible violations of federal securities laws.
If you purchased shares of New Oriental and want more
information, please contact Joon M. Khang, Esquire, of Khang &
Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by
telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
On December 2, 2016, Reuters published an article showing that
New Oriental has been accused of acting in college application
fraud. The article mentions "[e]ight former and current New
Oriental employees…told Reuters the firms have engaged in college
application fraud, including writing application essays and teacher
recommendations, and falsifying high school transcripts." Later
that day, Reuters released another statement claiming that due to
its earlier report detailing academic fraud allegations at New
Oriental, the American International Recruitment Council ("AIRC")
"will investigate the company in response to the report," and the
AIRC’s president-elect regards the allegations as "highly
concerning." When this information was disclosed to the public, the
value of New Oriental fell on December 2, 2016, causing investors
harm.
If you have any questions concerning this notice or your rights,
please contact Joon M. Khang, a prominent litigator for almost two
decades, by telephone: (949) 419-3834, or by e-mail at
joon@khanglaw.com.
This press release may constitute Attorney Advertising in some
jurisdictions.
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version on businesswire.com: http://www.businesswire.com/news/home/20161206006527/en/
Khang & Khang LLPJoon M. Khang, Esq.Telephone:
949-419-3834Facsimile: 949-225-4474joon@khanglaw.com
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