A Deadline is coming up on April 5, 2022 in the lawsuit for certain investors in New Oriental Education & Technology Group Inc. (NYSE:EDU).
San Diego, CA -- (SBWIRE) -- 04/04/2022 -- A deadline is coming up on April 5, 2022 in the lawsuit filed for certain investors of New Oriental Education & Technology Group Inc. (NYSE: EDU).
Investors who purchased shares of New Oriental Education & Technology Group Inc. (NYSE: EDU) have certain options and there are strict and short deadlines running. Deadline: April 5, 2022. New Oriental Education & Technology Group Inc. (NYSE: EDU) stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of New Oriental Education & Technology Group Inc. (NYSE: EDU) common shares between April 24, 2018 and July 22, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 24, 2018 and July 22, 2021 the defendants made false and misleading statements and failed to disclose that New Oriental's revenue and operational growth was the result of deceptive marketing tactics and abusive business practices that flouted Chinese regulations and policies and exposed New Oriental to an extreme risk that more draconian measures would be imposed on New Oriental, that New Oriental had engaged in misleading and fraudulent advertising practices, including the provision of false and misleading discount information designed to obfuscate the true cost of New Oriental's programs to its customers, that New Oriental had falsified teacher qualifications and experience to increase student enrollments, that New Oriental had defied prior government warnings against linking school enrollments with the provision of private tutoring services, that as a result, New Oriental 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 New Oriental's business and interests, that the new rules, regulations, and policies to be implemented by the Chinese government following the Two Sessions parliamentary meetings were far more severe than represented to investors by defendants and in fact posed an existential threat to New Oriental and its business, and that consequently, defendants' positive statements about New Oriental's business, operations, and prospects were materially misleading and lacked a reasonable factual basis.
Those who purchased shares of New Oriental Education & Technology Group Inc. (NYSE: EDU) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.