NEW
YORK, April 1, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Tal Education Group (NYSE:
TAL).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/tal-education-group-loss-submission-form/?id=25382&from=4
The lawsuit seeks to recover losses for shareholders who
purchased TAL between April 26, 2018
and July 22, 2021.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
April 5, 2022 to petition the
court. Your ability to share in any recovery doesn't require that
you serve as a lead plaintiff.
According to a filed complaint, Tal Education Group issued
materially false and/or misleading statements and/or failed to
disclose that: (a) TAL's revenue and operational growth was the
result of deceptive marketing tactics and illicit business
practices that flouted Chinese laws, regulations and
policies, and exposed the Company to an extreme risk that
more draconian measures would be imposed on the Company; (b) TAL
had engaged in misleading and fraudulent advertising practices,
including the provision of false and misleading discount
information designed to obfuscate the true cost of the Company's
programs to its customers, the creation of fake customer reviews
designed to fraudulently lure new customers to TAL programs, the
misrepresentation of teacher qualifications and course qualities,
and the marketing of rigged promotional events; (c) TAL had defied
Chinese policies designed to alleviate the burden imposed by
tutoring services on students and their families, including by
imposing hefty advances and recurring debt payments on course
enrollees, by offering courses designed to give affluent students
unfair advantages, by holding courses outside of allowable tutoring
hours, and by linking for-profit courses to government-mandated
schooling; (d) as a result of the foregoing, TAL was subject to an
extreme undisclosed risk of adverse enforcement actions, regulatory
fines and penalties, and the imposition of new rules and
regulations adverse to the Company's business and financial
interests; and (e) as a result of the foregoing, TAL's historical
growth was not sustainable or the result of legitimate business
tactics as represented, and defendants' positive statements about
the Company's business, operations, and prospects were materially
false and misleading and lacked a reasonable factual basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law