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Tal Education Group (TAL)

NYSE:TAL

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Tal Education Group To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Tal Education Group (“Tal” or the “Company”) (NYSE: TAL) of the August 17, 2018 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Tal stock or options between April 26, 2018 and June 13, 2018 and would like to discuss your legal rights, please fill out the form below. There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of all those who purchased Tal securities between April 26, 2018 and June 13, 2018 (the “Class Period”).  The case, Lea v. TAL Education Group, et al., No. 18-cv-05480 was filed on June 18, 2018 and has been assigned to Judge Robert W. Sweet.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by failing to disclose that: (1) the Company overstated its net income; (2) that the Company's net income was deteriorating; and (3) that, as a result of the foregoing, Tal executives’ statements about Tal’s business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

Specifically, on June 13, 2018, Carson Block, founder of Muddy Waters Research, issued a report accusing the Company of issuing fraudulent profit figures by overstating income, net income margin and other essential accounting figures. In his report, Carson Block estimated that between Fiscal Year 2016 and through Fiscal Year 2018, Tal overstated its net income by at least 43.6%. Carson Block also calculated that, in the same time frame, Tal had inflated its pre-tax profits by $153.2 million, or 28.4%.

On this news, the Tal’s stock price dropped, causing harm to investors.  

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  • Case:
    Tal Education Group (TAL)
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Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 06/18/2018

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