【4 big boulders one tiny dot】TAL EDUCATION INVESTOR ALERT: National Litigation Firm Labaton Sucharow Announces Investigation of TAL Education Group (TAL) and Strongly Encourages Stock, Options, Derivative Investors with Losses to Contact the Firm
NEW YORK,4 big boulders one tiny dot NY / ACCESSWIRE / May 5, 2020 /
Labaton Sucharow LLP, a leading and award winning investor rights law firm, announces it is developing a proprietary investigation concerning potential securities claims on behalf of shareholders of TAL Education Group (
TAL
) resulting from allegations that TAL may have issued materially misleading business information to the investing public.
TAL provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
On April 7, 2020, post-market, TAL announced that it had uncovered certain employee wrongdoing during the Company's routine internal auditing process. Specifically, TAL discovered 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, after which TAL immediately reported the wrongdoing to the local police, and the employee was taken into custody. Based on the Company's routine internal audit, the Company suspects the employee at issue of conspiring 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, TAL's share price fell $3.76 per share, or 6.74%, to close at $52.06 per share on April 8, 2020, damaging investors.
On this news TAL stock traded down nearly 10%.
If you are a shareholder or option holder that suffered losses in TAL, and wish to participate, learn more, or discuss the issues surrounding the investigation, please contact David J. Schwartz using the toll free number (800) 321-0476 or via email at
.
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at
www.labaton.com
.
Contact:
David J. Schwartz
(800) 321-0476
or
SOURCE:
Labaton Sucharow LLP
Story continues
View source version on accesswire.com:
https://www.accesswire.com/588431/TAL-EDUCATION-INVESTOR-ALERT-National-Litigation-Firm-Labaton-Sucharow-Announces-Investigation-of-TAL-Education-Group-TAL-and-Strongly-Encourages-Stock-Options-Derivative-Investors-with-Losses-to-Contact-the-Firm
View comments
下一篇:AppFolio (APPF) Q4 Earnings and Revenues Top Estimates
相关文章:
- Stericycle (SRCL) Tops Q3 Earnings and Revenue Estimates
- Malaysia's Dec palm oil exports up 1.8 pct -Amspec Malaysia
- Business Highlights
- Apple's China struggles highlight US companies' trade war vulnerabilities
- Moving Average Crossover Alert: GoDaddy
- All the Stores That Are Open on New Year's Day 2019 — And What's Closed
- 'We are not robots': Amazon warehouse employees push to unionize
- Second quarter GDP surprises to the upside; first quarter revised down
- Why Uranium Markets Are Gaining Interest
- BRIEF-Shanghai SMI's Consortium Wins Property Development Contract Worth 3.7 Billion Yuan
相关推荐:
- Great Ajax Corp. to Host Earnings Call
- Brazil's new Justice Minister Moro: Ending impunity top goal
- AUD/USD Price Forecast – Australian dollar breaks through support
- READ NOW: Monteverde & Associates PC Launches an Investigation of the Board of Directors and Officers of Community First Bank– CMYF
- S.Korea's Moon tells Trump he would accept invitation to G7 summit
- Another number paints a bleak picture of manufacturing in China
- Should You Be Concerned With Standex International Corporation’s (NYSE:SXI) -15% Earnings Drop?
- Diddy gets pulled over for blasting own song while driving golf cart in Miami, says he's relatable
- 3 Reasons Growth Investors Will Love Charles River (CRL)
- FOREX-Dollar stabilizes vs yen, weakens against other major currencies
- Manganese X Receives Eligibility for DTC Trading in the U.S.
- Donaldson (DCI) Q1 Earnings & Sales Top Estimates, Decline Y/Y
- 'Big shoes to fill': UniCredit shares tumble as CEO Mustier quits
- U.S. telehealth companies brace for demand spike as coronavirus spread accelerates
- eXp World Holdings Appoints Fee Gentry to Board of Directors
- SoftBank CEO Tells Wall Street He’s Eager to Keep Investing
- Harpoon Therapeutics Reports Third Quarter 2020 Financial Results and Provides Corporate Update
- Earnings Preview: Novanta (NOVT) Q3 Earnings Expected to Decline
- Amazon's (AMZN) Latest ML Services Boost Its AWS Portfolio
- J.C. Penney announces locations of 154 stores closing across the US