A lawsuit was filed on behalf of investors in TAL Education Group (NYSE:TAL) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 04/10/2023 -- An investor, who purchased shares of TAL Education Group (NYSE: TAL), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by TAL Education Group.
Investors who purchased shares of TAL Education Group (NYSE: TAL) have certain options and for certain investors are short and strict deadlines running. Deadline: May 30, 2023. NYSE: TAL investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
China based TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China.
On March 14, 2023, an article was published on Seeking Alpha that alleged, among other things, that TAL's subsidiary, Xueersi, had offered courses that "run counter to conventions put in place by Xi Jinping's Common Prosperity drive." Specifically, courses in mathematics and English, which are considered core subjects and must be offered as a strictly non-profit business, were restarted "under the guise of permitted tutoring outside of core subjects."
Shares of TAL Education Group (NYSE: TAL) declined to as low as $5.26 per share on March 14, 2023.
The plaintiff claims that between June 14, 2022 and March 14, 2023, the Defendants failed to disclose to investors that the Company was still providing K9 Academic AST Services, and that as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Those who purchased shares of TAL Education Group (NYSE: TAL) have certain options and should contact the Shareholders Foundation.
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