SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against TAL Education Group & Encourages I...
June 15 2018 - 4:19PM
Business Wire
The Schall Law Firm, a national shareholder rights litigation
firm, announces that it is investigating claims on behalf of
investors of TAL Education Group ("TAL" or the "Company")
(NYSE: TAL) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the U.S. Securities and Exchange Commission.
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. On June 13, 2018, research firm Muddy
Waters released a report on TAL alleging that the Company “has
fraudulently overstated its FY2016—FY2018 results.” Muddy Waters’
report states that “TAL combines the old school China fraud
playbook of simply penciling in more favorable numbers with the
more sophisticated asset parking fraud of Enron.” According to the
report, between fiscal year 2016 and 2018, TAL overstated operating
profit by more than 21%, pre-tax profit by more than 28%, and net
profit by more than 43%. Based on this news, shares of TAL fell
9.95%, or $4.54 per share, closing at $41.11 on June 13, 2018.
If you are a shareholder who suffered a loss, click here to
participate.
We also encourage you to contact Brian Schall, or Sherin
Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite
404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights
free of charge. You can also reach us through the firm's website
at www.schallfirm.com, or by email
at brian@schallfirm.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.
The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder
rights litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
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version on businesswire.com: https://www.businesswire.com/news/home/20180615005784/en/
The Schall Law FirmBrian Schall, Esq.Sherin Mahdavian,
Esq.310-301-3335info@schallfirm.comwww.schallfirm.com
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