IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against New Oriental Education & Technolo...
January 10 2017 - 12:25PM
Business Wire
Goldberg Law PC, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit against New Oriental
Education & Technology Group Inc. (“New Oriental” or the
“Company”) (Nasdaq: EDU). Investors who purchased or otherwise
acquired New Oriental shares between September 27, 2016 and
December 1, 2016 inclusive (the “Class Period”), are encouraged to
contact the firm in advance of the February
13, 2017 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class
Period, we encourage you to click here or contact Michael Goldberg
or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars,
Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your
rights free of charge. You can also reach us through the firm’s
website at http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
The class in this case has not yet been certified, and until
certification occurs, you are not represented by an attorney. If
you choose to take no action, you can remain an absent class
member.
On December 2, 2016, an article was published by
Reuters disclosing that New Oriental has been accused of
participating in college application fraud. According to the
article, “[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.”
The same day, Reuters published an update revealing that
due to its earlier report detailing academic fraud allegations 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 referred to the
allegations as “highly concerning.”
When this information was revealed to the public, the value of
New Oriental fell sharply on December 2, 2016, causing investors
severe harm.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170110006118/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comwww.Goldberglawpc.com
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