The Law Offices of Frank R. Cruz Announces Investigation on Behalf of TAL Education Group Investors (TAL)
April 09 2020 - 2:56PM
Business Wire
The Law Offices of Frank R. Cruz announces an investigation on
behalf of TAL Education Group ("TAL Education" or the Company")
(NYSE: TAL) investors concerning the Company and its officers’
possible violations of federal securities laws.
If you are a shareholder who suffered a loss, click here to
participate.
On April 7, 2020, TAL Education disclosed 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 employee allegedly conspired with external
vendors to inflate "Light Class" sales by forging contracts and
other documentation. For the fiscal year 2020 ended February 29,
2020, "Light Class" sales accounted for approximately 3% to 4% of
the Company's total estimated revenues.
On this news, the Company's share price fell as much as 8% in
intraday trading on April 8, 2020.
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If you purchased TAL Education securities, have information or
would like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Frank R. Cruz, of The Law
Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los
Angeles, California 90067 at 310-914-5007, by email to
info@frankcruzlaw.com, or visit our website at
www.frankcruzlaw.com. If you inquire by email please include your
mailing address, telephone number, and number of shares
purchased.
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/20200409005754/en/
The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz,
310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com
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