An investigation for shareholders in Tarena International Inc (ADR) (NASDAQ:TEDU) shares over potential wrongdoing at Tarena International was announced and NASDAQ:TEDU stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 11/09/2015 -- An investigation for shareholders in NASDAQ:TEDU shares was announced over potential breaches of fiduciary duties by certain directors at Tarena International Inc.
Investors who purchased shares of Tarena International Inc (ADR) (NASDAQ:TEDU) have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Tarena International officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On August 18, 2015, Tarena International Inc issued a press release announcing its second quarter fiscal 2015 financial results, missing EPS expectations by $0.04 and revenue expectations by $0.16M. Tarena International Inc downgraded its revenue expectations for Q3 2015, a range of $52.5-53.5M versus consensus of $56.54M, and for FY 2015, a range of $172.0-$177.5 versus consensus of $183.16M.
On October 21, 2015, an article was published on Tarena International Inc (ADR) (NASDAQ:TEDU) asserting, among other things that Tarena International Inc has a company specific problem in collecting on tuition, that the inability of Tarena International's students to access credit has caused the quality of the Tarena International's financing partners to move from established banks to shadow banks, and that reviews by Tarena International students report deceptive practices and false promises. Shares of Tarena International Tarena International Inc (ADR) (NASDAQ:TEDU) declined on October 21, 2015 briefly to $8.90 per share.
On November 6, 2015, NASDAQ:TEDU shares closed at $9.98 per share.
Those who purchased shares of Tarena International Inc (ADR) (NASDAQ:TEDU), have certain options and should contact the Shareholders Foundation.
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