KASKELA LAW LLC: Shareholder Class Action Lawsuit Filed against TAL Education Group (TAL)

Kaskela Law LLC announces that a shareholder class action lawsuit has
been filed against TAL Education Group (NYSE: TAL) (“TAL” or the
“Company”) on behalf of purchasers of the Company’s securities between
April 26, 2018 and June 13, 2018, inclusive (the “Class

On June 13, 2018, Muddy Waters issued a report entitled “TAL Education:
A Real Business with Fake Financials,” asserting that TAL “has been
fraudulently overstating its profits since at least FY2016.” Citing an
extensive review of Chinese government documents, site visits, and
numerous interviews, the report further asserted 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.”

Following the publication of the Muddy Waters report, TAL’s shares
declined $4.54 per share, or 10%, to close on June 13, 2018 at $41.11,
on heavy trading volume.

The shareholder class action complaint alleges that TAL and certain
other defendants made materially false and misleading statements during
the Class Period, and failed to disclose to investors the following
material adverse facts: (i) that the Company overstated its net income;
(ii) that the Company’s net income was deteriorating; and (iii) that, as
a result of the foregoing, the defendants’ statements about TAL’s
business, operations, and prospects were materially false and misleading
and/or lacked a reasonable basis. The complaint further alleges that
investors purchased TAL’s securities at artificially inflated prices
during the Class Period and sustained significant investment losses as a
result thereof.

IMPORTANT DEADLINE: Investors who purchased TAL securities
during the Class Period may, no later than
August 17, 2018, seek to be appointed as a lead plaintiff
representative of the investor class. TAL investors are encouraged to
contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (484) 258 – 1585
or (888) 715 – 1740, or via email at skaskela@kaskelalaw.com,
to discuss their important legal rights and options with respect to this
action. Investors may also submit their information to the firm online
at http://kaskelalaw.com/case/tal-education-group/.

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