NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Rosen Law Firm, a
global investor rights law firm, announces it is continuing to
investigate potential securities claims on behalf of shareholders
of New Oriental Education & Technology Group Inc. (NYSE: EDU)
resulting from allegations that New Oriental may have issued
materially misleading business information to the investing
public.
On December 2, 2016,
Reuters published an article revealing that New Oriental has
been accused of engaging in college application fraud. The article
stated that "[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." Shortly
thereafter on the same day, Reuters published an article
announcing that in the wake of its earlier report detailing
allegations of academic fraud at New Oriental, the American
International Recruitment Council ("AIRC") stated that it "will
investigate the company in response to the report", and the
AIRC's president-elect called the allegations "highly concerning."
On this news, shares of New Oriental fell $6.99 per share or over 14% to close at
$42.00 per share on December 2, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover
losses suffered by New Oriental investors. If you purchased shares
of New Oriental please visit the firm's website at
http://www.rosenlegal.com/cases-1007.html for more information. You
may also contact Phillip Kim or
Kevin Chan of Rosen Law Firm toll
free at 866-767-3653 or via email at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Follow us for updates on LinkedIn:
https://www.linkedin.com/company/the-rosen-law-firm or on Twitter:
https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a
similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Logo - http://photos.prnewswire.com/prnh/20160907/405060LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/investor-loss-alert-rosen-law-firm-continues-investigation-of-securities-claims-against-new-oriental-education--technology-group-inc---edu-300374638.html
SOURCE Rosen Law Firm, P.A.