NEW YORK, March 13, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a Global Investor Rights Law Firm, Reminds Buyers of TAL Education Group Securities NLP between April 26, 2018 and July 22, 2021 inclusive (the “Class Period”), the significant April 5, 2022 lead applicant deadline.
SO WHAT: If you purchased TAL 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 TAL Education class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=3137 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 lawyers 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) TAL Education’s revenue and operational growth were the result of tactics of misleading marketing and illicit business practices that violated Chinese laws, regulations and policies, and put TAL Education at extreme risk of more drastic measures being imposed on TAL Education; (2) TAL Education had engaged in deceptive and fraudulent advertising practices, including providing false and misleading information about discounts designed to hide the true cost of TAL Education programs for its customers, creating false reviews clients designed to fraudulently attract new clients to TAL Education programs, misrepresenting teacher qualifications and course qualities, and marketing rigged promotional events; (3) TAL Education had challenged Chinese policies aimed at easing the burden of tutoring services on students and their families, including imposing heavy advances and recurring debt payments on course enrollees, by offering courses designed to give wealthy students unfair advantages, by holding classes outside authorized tutoring hours and by tying for-profit classes to government-mandated education; (4) as a result, TAL 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 the business and financial interests of TAL Education ; and (5) therefore, TAL Education’s historic growth was not sustainable or the result of legitimate business tactics as depicted, and defendants’ positive statements about TAL Education’s business, operations and prospects were materially false. and misleading and lacked a reasonable factual basis. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the TAL Education class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=3137 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 party 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
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827