Prongay & Murray LLP (“GPM”) announces that it has filed a class
action lawsuit in the United States District Court for the Southern
District of New York (Docket Number 1:18-cv-05480) on behalf of persons
and entities that acquired TAL Education Group (“TAL” or the “Company”)
securities between April 26, 2018 and June 13, 2018, inclusive
(the “Class Period”), asserting claims under Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
Investors are hereby notified that they have 60 days from the
date of this notice to move the Court to serve as lead plaintiff in
Investors suffering losses on their TAL investments are encouraged to
contact Lesley Portnoy of GPM to discuss their legal rights at
310-201-9150 or by email to email@example.com,
or visit the TAL case page on our website at www.glancylaw.com/case/tal-education-group.
The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and/or misleading
statements, as well as failed to disclose material adverse facts about
the Company’s business, operations, and prospects. Specifically,
Defendants failed to disclose: (1) that the Company overstated its net
income; (2) that the Company’s net income was deteriorating; and (3)
that, as a result of the foregoing, Defendants’ statements about TAL’s
business, operations, and prospects, were materially false and/or
misleading and/or lacked a reasonable basis.
Follow us for updates on Twitter: twitter.com/GPM_LLP.
If you purchased TAL securities during the Class Period, you may move
the Court no later than 60 days from the date of this notice to
ask the Court to appoint you as lead plaintiff. To be a member of the
Class you need not take any action at this time; you may retain counsel
of your choice or take no action and remain an absent member of the
Class. If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire, of
GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at
310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org,
or visit our website at www.glancylaw.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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180618006256/en/