NEW YORK, March 10, 2022 /PRNewswire/ — Levi & Korsinsky, LLP advises investors of Tal Education Group (“TAL” or the “Company”) (NYSE: TAL) of a securities class action lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of TAL investors who were harmed by an alleged securities fraud between April 26, 2018 and July 22, 2021. Follow the link below for more information and to be contacted by a member of our team:
NLP investors can also contact Joseph E. Levi, Esq. by email
at [email protected] or by phone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that the defendants misrepresented and/or concealed that: (a) TAL’s revenues and operational growth were the result of deceptive marketing tactics and illicit business practices that flouted laws, regulations and policies Chinese, and exposed the company to an extreme situation the risk that more drastic measures would be imposed on the Company; (b) TAL had engaged in deceptive and fraudulent advertising practices, including providing false and misleading discount information designed to hide the true cost of the Company’s programs for its customers, creating false clients designed to fraudulently lure new clients to TAL programs, misrepresenting teacher qualifications and course grades, and marketing rigged promotional events; (c) TAL had challenged Chinese policies aimed at easing the burden imposed by tutoring services on students and their families, including imposing heavy advances and recurring debt repayments on course enrollees, by offering courses designed to giving wealthy students unfair advantages, by holding classes outside authorized tutoring hours and tying for-profit classes to government-mandated education; (d) as a result of the foregoing, TAL was subject to an undisclosed tail risk of adverse enforcement action, regulatory fines and penalties, and the imposition of new rules and regulations adverse to business and financial interests of the society ; and (e) as a result of the foregoing, TAL’s historic growth was not sustainable or resulted from legitimate business tactics as depicted, and defendants’ positive statements about the businesses, operations and prospects of company were materially false and misleading and lacked a reasonable factual basis.
AND AFTER? If you have suffered a loss in TAL during the period in question, you have until April 5, 2022 ask the court to appoint you as the main plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you are a class member, you may be entitled to compensation without payment of disbursements or costs. There is no cost or obligation to participate.
WHY LEVI AND KORSINSKY: Over the past 20 years, the Levi & Korsinsky team has secured hundreds of millions of dollars for aggrieved shareholders and built a track record winning high-stakes cases. Our firm has extensive expertise in representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven consecutive years, Levi & Korsinsky has been ranked in the ISS Securities Class Action Services Top 50 report as one of the top securities litigation firms in United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP