Gross Law Firm Announces Class Action Lawsuits on Behalf of EDU, CRNC and GRAB Shareholders

NEW YORK, NY/ACCESSWIRE/March 24, 2022/ Securities litigation law firm The Gross Law Firm is issuing the following notice on behalf of the shareholders of the following publicly traded companies. Shareholders who purchased shares in the following companies on the dates indicated are encouraged to contact the company regarding a possible appointment of the lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.

New Oriental Education and Technology Group Inc. EDU

Investors concerned: April 24, 2018 – July 22, 2021

A class action lawsuit has been filed on behalf of certain shareholders of New Oriental Education & Technology Group Inc. The filed lawsuit alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (a) the revenues and operational growth of New Oriental was the result of deceptive marketing tactics and abusive business practices that flouted Chinese regulations and policies and placed the Company at extreme risk of more drastic measures being imposed on the Company; (b) New Oriental had engaged in deceptive and fraudulent advertising practices, including providing false and misleading discount information designed to conceal the true cost of the Company’s programs from its customers; (c) New Oriental falsified teachers’ qualifications and experience in order to attract clients and increase student enrollment; (d) New Oriental had defied previous government warnings against linking school enrollment to the provision of private tutoring services; (e) as a result of the foregoing, New Oriental was subject to an undisclosed tail risk of adverse enforcement actions, regulatory fines and penalties, and the imposition of new rules and regulations adverse to the business and interests of the Company; and (f) as a result of the foregoing, defendants’ positive statements regarding the Company’s business, operations and prospects were materially misleading and lacked reasonable and factual basis.

Shareholders can find more information at https://securitiesclasslaw.com/securities/new-oriental-education-technology-group-inc-loss-submission-form/?id=25150&from=1

Cerence Inc. NRC

Investors concerned: February 8, 2021 – February 4, 2022

A class action lawsuit has been filed on behalf of certain shareholders of Cerence Inc. The filed lawsuit alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the worldwide shortage of semi- drivers had a significant negative impact on demand for Cerence software licenses; (2) defendants masked the impact of the semiconductor shortage on the Company’s software license demand by driving sales forward; and (3) as a result of the foregoing, defendants’ statements regarding Cerence’s business, operations and prospects were false and misleading and/or lacked reasonable basis.

Shareholders can find more information at https://securitiesclasslaw.com/securities/cerence-inc-loss-submission-form/?id=25150&from=1

Grab Holdings Limited TO INPUT

Investors concerned: November 12, 2021 – March 2, 2022

A class action lawsuit has been brought on behalf of certain shareholders of Grab Holdings Limited. The filed complaint alleges that the defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Grab’s driver supply declined during the third quarter; (2) as a result, Grab continued to invest heavily in driver and consumer incentives to “preemptively recalibrate the driver supply”; (3) as a result, the Company’s financial results would be adversely affected, including, among other things, a significant decline in revenues; and (4) as a result of the foregoing, defendants’ positive statements about the company’s business, operations and prospects were materially
misleading and/or lacking a reasonable basis.

Shareholders can find more information at https://securitiesclasslaw.com/securities/grab-holdings-limited-loss-submission-form/?id=25150&from=1

Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company have caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.

CONTACT:
The Raw Law Firm
15 West 38th Street, 12th Floor
New York, NY, 10018
Email: [email protected]
Telephone: (212) 537-9430
Fax: (833) 862-7770

THE SOURCE The Raw Law Firm

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