Investigation for Investors in New Oriental Education & Tech Grp (ADR) (NYSE:EDU) Announced

An investigation for investors in New Oriental Education & Tech Grp (ADR) (NYSE:EDU) shares over potential securities laws violations by New Oriental Education & Tech Grp was announced and NYSE:EDU stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 12/06/2016 --An investigation on behalf of investors of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) shares over potential securities laws violations by New Oriental Education & Tech Group 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@shareholdersfoundation.com or call 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 a series of statements by New Oriental Education & Tech Grp (ADR) (NYSE:EDU regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On December 2, 2016, an article was published that alleged that New Oriental Education & Tech Grp has been accused of engaging in college application fraud. The article stated that "[e]ight former and current New Oriental employees…told Reuters the firms have engaged in college application fraud, including writing application essays and teacher recommendations, and falsifying high school transcripts." Shortly thereafter on the same day, Reuters published an article announcing that in the wake of its earlier report detailing allegations of academic fraud at New Oriental, the American International Recruitment Council ("AIRC") stated that it "will investigate the company in response to the report", and the AIRC's president-elect called the allegations "highly concerning." Shares of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) dropped on December 2, 2016, to as low as $37.16 per share.

On December 5, 2016, NYSE:EDU shares closed at $73.90 per share.

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

Media Relations Contact

Michael Daniels
General Manager
Shareholders Foundation
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/748517