An investigation for investors in TAL Education Group (NYSE: TAL) shares over potential securities laws violations by TAL Education Group was announced.
San Diego, CA -- (SBWIRE) -- 04/20/2020 -- TAL Education Group is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of TAL Education Group (NYSE: TAL), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by TAL Education Group (NYSE: TAL regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 7, 2020, TAL Education Group announced it discovered that a particular employee committed wrongdoing in the Company's internal auditing process. TAL Education Group stated that it "found the 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."
TAL Education Group further stated, "based upon the Company's routine internal audit, the Company suspects that the employee of question conspired with external vendors to wrongly inflate 'Light Class' sales by forging contracts and other documentations." Shares of TAL Education Group (NYSE: TAL) declined from $57.25 per share on April 7, 2020 to $50.20 per share on April 8, 2020.
Those who purchased shares of TAL Education Group (NYSE: TAL) have certain options and should contact the Shareholders Foundation.
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