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 mail@shareholdersfoundation.com 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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About The Shareholders Foundation
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.