TAL EDUCATION SHAREHOLDER ALERT: ClaimsFiler Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against TAL Education Group - TAL
Jul. 31, 2018
NEW ORLEANS--(BUSINESS WIRE)--Jul 30, 2018--ClaimsFiler, a FREE shareholder information service, reminds investors that they have until August 17, 2018 to file lead plaintiff applications in a securities class action lawsuit against TAL Education Group (NYSE: TAL), if they purchased the Company’s securities between April 26, 2018 and June 13, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
TAL Education investors should visit us at https://www.claimsfiler.com/cases/view-tal-education-group-securities-litigation or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
TAL and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On June 13, 2018, a report by Muddy Waters Research alleged a wide range of illicit activity by TAL, including that it “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, the price of TAL’s shares plummeted $4.54 per share, or over 9%, to close at $41.11 on June 13, 2018.
ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. ClaimsFiler's team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180730005729/en/
Jerry Gallo, 844-367-9658
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
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PUB: 07/30/2018 10:50 PM/DISC: 07/30/2018 10:50 PM