A lawsuit was filed on behalf of investors in TAL Education Group (NYSE: TAL) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 07/02/2018 -- An investor, who purchased shares of TAL Education Group (NYSE: TAL), filed a lawsuit over alleged violations of Federal Securities Laws by TAL Education Group in connection with certain allegedly false and misleading statements.
Investors who purchased shares of TAL Education Group (NYSE: TAL), have certain options and for certain investors are short and strict deadlines running. Deadline: August 17, 2018. NYSE: TAL investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff claims that between April 26, 2018 and June 13, 2018, the defendants failed to disclose, that the Company overstated its net income, that the Company's net income was deteriorating, and that, as a result of the foregoing, Defendants' statements about TAL's business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.
On June 13, 2018, Carson Block told Bloomberg that TAL Education Group is "a real business but its profits are fraudulent." According to a report on Muddy Waters' website TAL Education Group began fraudulently creating profits as early as fiscal year 2016, by inputting more favorable numbers along with engaging in more sophisticated asset parking transactions.
Those who purchased shares of TAL Education Group (NYSE: TAL) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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