SAN DIEGO, April 7, 2020 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP, is investigating potential
claims against TAL Education Group (NYSE: TAL) ("TAL" or the
"Company") for violations of federal securities laws.
On April 7, 2020, TAL announced it
discovered that a particular employee committed wrongdoing in the
Company's internal auditing process. TAL stated that it
"found the irregularities and violations of the Company's business
conduct and internal control policies by an employee in the
Company's newly introduced 'Light Class' business."
The Company further stated, "based upon the Company's routine
internal audit, the Company suspects that the employee of question
conspired with external vendors to wrongly inflate 'Light Class'
sales by forging contracts and other documentations."
Following this announcement, TAL's stock price fell over 13% in
aftermarket trading on April 7,
2020.
If you have information that could assist in this
investigation, or if you are a TAL shareholder and
are interested in learning more about the investigation, please
contact Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
Additionally, you can [Click here to join this action].
There is no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
View original
content:http://www.prnewswire.com/news-releases/tal-alert-johnson-fistel-launches-investigation-into-tal-education-group-investors-suffering-losses-encouraged-to-contact-firm-301037097.html
SOURCE Johnson Fistel, LLP