Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit Against TAL Education Group
June 19 2018 - 5:43PM
Business Wire
The law firm of Kirby McInerney LLP announced today that a class
action lawsuit has been filed in the United States District Court
for the Southern District of New York against TAL Education Group
(“TAL” or “the Company”) (NYSE: TAL) on behalf of investors that
acquired TAL securities during the period from April 26, 2018
through June 13, 2018 (the “Class Period”), seeking recovery of
damages for alleged violations of the federal securities laws.
Investors have until Friday, August 17, 2018 to apply to the
Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that on June 13, 2018, the investment
research firm, Muddy Waters issued a report accusing the Company of
issuing fraudulent profit figures by overestimating net income, net
income margin, and other essential accounting figures. On this
news, shares of TAL fell from $45.65 to close at $41.11 on June 13,
2018 (a decline of $4.54, or approximately 10%).
If you purchased or otherwise acquired shares of TAL during the
Class Period, and would like to move to serve as lead plaintiff,
you may contact Thomas W. Elrod, Esq. of Kirby McInerney LLP at
(212) 371-6600, or by email at telrod@kmllp.com, or by filling out
the form at the link below to discuss your rights and options
without any cost to you.
TAL EDUCATION GROUP INVESTOR CONTACT FORM
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, and whistleblower
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20180619006464/en/
Kirby McInerney LLPThomas W. Elrod, Esq., (212)
371-6600www.kmllp.comtelrod@kmllp.com
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