TAL Education Group (NYSE: TAL)

DEFENDANT NAME: TAL Education Group
STOCK SYMBOL: NYSE: TAL
CASE NUMBER:
COURT: U.S. District Court for the Southern District of New York
PRACTICE AREA: Investor Fraud
STATUS: Investigation
CLASS PERIOD: April 26, 2018 - June 13, 2018
LEAD PLAINTIFF DEADLINE: August 17, 2018
DATE FILED:
COURT LOCATION:
RELATED DOCUMENTS:
CONTACT:
510-725-3000 TAL@hbsslaw.com

Hagens Berman Sobol Shapiro LLP reminds investors in TAL Education Group (NYSE: TAL) of the August 17, 2018 Lead Plaintiff deadline  in the securities class action pending in the U.S. District Court for the Southern District of New York.

If you purchased or otherwise acquired shares of TAL between April 26, 2018 and June 13, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information, contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing TAL@hbsslaw.com.

On June 13, 2018, an analyst published a report accusing TAL of fraudulently overstating its profits since at least fiscal year 2016.  Among other things, the analyst accused the Company of overstating net income by over 40% during the last two years.

This news drove the price of TAL securities down $4.54, or about 11%, to close at $41.11 that day.

More recently, the analyst accused TAL of failing to address the report’s conclusions that reported profits are fraudulently inflated, the Company engaged in two sets of non-substantive transactions, it may have diverted funds through a straw party, and it is not disclosing a substantial compression of core business operating margins.

“We’re focused on investors’ losses and the analyst’s accusations which, if true, suggest that the Company may have seriously misled investors,” said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding TAL should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email TAL@hbsslaw.com.


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06/14/18: Investigation