NEW
YORK, Feb. 16, 2022 /PRNewswire/ -- The Gross
Law Firm issues the following notice on behalf of shareholders of
Tal Education Group.
Shareholders who purchased shares of TAL during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/tal-education-group-loss-submission-form/?id=23720&from=4
CLASS PERIOD: April 26,
2018 to July 22, 2021
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (a) TAL's revenue and
operational growth was the result of deceptive marketing tactics
and illicit business practices that flouted Chinese laws,
regulations and policies, and exposed the Company to an
extreme risk that more draconian measures would be imposed on the
Company; (b) TAL had engaged in misleading and fraudulent
advertising practices, including the provision of false and
misleading discount information designed to obfuscate the true cost
of the Company's programs to its customers, the creation of fake
customer reviews designed to fraudulently lure new customers to TAL
programs, the misrepresentation of teacher qualifications and
course qualities, and the marketing of rigged promotional events;
(c) TAL had defied Chinese policies designed to alleviate the
burden imposed by tutoring services on students and their families,
including by imposing hefty advances and recurring debt payments on
course enrollees, by offering courses designed to give affluent
students unfair advantages, by holding courses outside of allowable
tutoring hours, and by linking for-profit courses to
government-mandated schooling; (d) as a result of the foregoing,
TAL was subject to an extreme undisclosed risk of adverse
enforcement actions, regulatory fines and penalties, and the
imposition of new rules and regulations adverse to the Company's
business and financial interests; and (e) as a result of the
foregoing, TAL's historical growth was not sustainable or the
result of legitimate business tactics as represented, and
defendants' positive statements about the Company's business,
operations, and prospects were materially false and misleading and
lacked a reasonable factual basis.
DEADLINE: April 5, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/tal-education-group-loss-submission-form/?id=23720&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of TAL during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is April 5, 2022. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm