NEW YORK, June 18, 2018 /PRNewswire/ -- Bernstein
Liebhard LLP announces that a securities class action lawsuit has
been filed on behalf of those who purchased or acquired the
securities of TAL Education Group ("TAL" or the "Company") (NYSE:
TAL) between April 26, 2018 and
June 13, 2018, both dates inclusive
(the "Class Period"). The lawsuit seeks to recover TAL
shareholders' investment losses.
To join the TAL class action, and/or if you have information
relating to this matter, please visit our TAL SHAREHOLDER PAGE or
contact Daniel Sadeh toll free at
(877) 779-1414 or dsadeh@bernlieb.com.
According to the lawsuit, throughout the Class Period Defendants
made false and/or misleading statements and/or failed to disclose
that: (1) TAL overstated its net income; (2) TAL's net income was
deteriorating; and (3) as a result of the foregoing, Defendants'
statements about TAL's business, operations, and prospects, were
materially false and/or misleading and/or lacked a reasonable
basis.
On June 13, 2018, Muddy
Waters Research published a report stating, among other
things, that TAL "has been fraudulently overstating its profits
since at least FY2016," and 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."
On this news, TAL's stock fell $4.54 per share, or over 9%, from its previous
closing price to close at $41.11 per
share on June 13, 2018, damaging
investors.
If you wish to serve as lead plaintiff, you must move the Court
no later than August 17, 2018. A lead
plaintiff is a representative party acting on behalf of other class
members in directing the litigation. Your ability to share in any
recovery doesn't require that you serve as lead plaintiff. If you
choose to take no action, you may remain an absent class
member.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
Journal's "Plaintiffs' Hot List" thirteen times and listed in
The Legal 500 for ten consecutive years.
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and Twitter: https://twitter.com/bernlieb.
ATTORNEY ADVERTISING. © 2018 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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SOURCE Bernstein Liebhard LLP