The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased TAL Education Group (NYSE: TAL) securities between April 26, 2018 and June 13, 2018.
According to the TAL lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company overstated its net income; (2) the Company's net income was deteriorating; and (3) 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, Muddy Waters website published a report alleging that TAL has been fraudulently overstating its profits since at least the fiscal year 2016. On this news, shares of TAL Education fell from a close of $45.65 on June 12, 2018, to a close of $38.74 on June 15, 2018.
If you suffered a loss in TAL Education Group you have until August 17, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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