An investigation on behalf of investors of New Oriental Education & Tech Grp (ADR) (NYSE:EDU shares over possible securities laws violations by New Oriental Education & Tech was announced and NYSE:EDU investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 07/18/2012 --An investigation on behalf of investors in New Oriental Education & Tech Grp (ADR) (NYSE:EDU) shares over potential securities laws violations by certain officers and directors at New Oriental Education & Tech in connection with certain financial statements was announced.

Investors who purchased shares of New Oriental Education & Tech Grp (ADR) (NYSE:EDU), have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain statements about New Oriental Education’s business, its prospects and its operations were potentially materially false and misleading at the time they were made.

New Oriental Education & Tech Grp (ADR) (NYSE:EDU) reported that its Total Revenue rose from $201million for a 12months period ending on May 31, 2008 to $557.87million for the 12months period ending on May 31, 2011 and its Net Income increased over the same time periods from $49.01million to $101.77million.

Then on July 17, 2012, New Oriental Education & Tech Grp (ADR) (NYSE:EDU) reported its unaudited financial results for the fiscal quarter and fiscal year ended May 31, 2012.

New Oriental Education & Tech Grp disclosed that the U.S. Securities and Exchange Commission (“SEC”) has launched a formal investigation into New Oriental Education & Tech’s accounting practices. The SEC is investigating "whether there is a sufficient basis for the consolidation of Beijing New Oriental Education & Technology (Group) Co., a variable interest entity of the Company, and its wholly-owned subsidiaries, into the Company's consolidated financial statements," New Oriental Education said in its July 17, 2012 statement.

Shares of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) dropped from $22.26 per share on July 16, 2012 to $14.62 per share on July 17, 2012.

Those who purchased shares of New Oriental Education & Tech Grp (ADR) (NYSE:EDU), have certain options and should contact the Shareholders Foundation.

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