NEW YORK, March 06, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of securities of New Oriental Education & Technology Group Inc. (NYSE:EDU) between April 24, 2018 and July 22, 2021 inclusive (the “ appeal period”), of the important April 5, 2022 lead applicant deadline.
SO WHAT: If you purchased New Oriental Education securities during the Class Period, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the New Oriental Education class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=3117 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than April 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) New Oriental Education’s revenue and operational growth were the result of tactics misleading marketing and abusive business practices that flouted Chinese regulations and policies and put New Eastern Education at extreme risk of more drastic measures being imposed on New Eastern Education; (2) New Oriental Education had engaged in deceptive and fraudulent advertising practices, including providing false and misleading discount information designed to obscure the true cost of New Oriental Education programs for its customers; (3) New Eastern Education had falsified teachers’ qualifications and experience to increase student enrollment; (4) New Oriental Education had defied previous government warnings against tying school enrollment to the provision of private tutoring services; (5) as a result, New Oriental Education 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 New Oriental’s business and interests. Education; (6) the new rules, regulations and policies to be implemented by the Chinese government following the parliamentary meetings of the two sessions were far more severe than those presented to investors by the defendants and in fact posed an existential threat to New Oriental Education and its activities; and (7) therefore, defendants’ positive statements about New Oriental Education’s business, operations and prospects were materially misleading and lacked a reasonable factual basis. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the New Oriental Education class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=3117 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
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New York, NY 10016
Tel: (212) 686-1060
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