NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Attorney Advertising
-- Bronstein, Gewirtz & Grossman, LLC is investigating
potential claims on behalf of purchasers of the securities of New
Oriental Education & Technology Group Inc.("New Oriental" or
the "Company") (NYSE: EDU). Such investors can obtain additional
information and assist the investigation by visiting the firm's
site: www.bgandg.com/edu.
The investigation concerns whether New Oriental and certain of
its officers and/or directors have violated Sections 10(b) and
20(a) of the Securities Exchange Act of 1934.
On December 2, 2016,
Reuters reported that New Oriental has been accused of
college application fraud. The report describes how Reuters
engaged in "writing application essays and teacher recommendations,
and falsifying high school transcripts." Reuters also
said that the American International Recruitment Council (AIRC)
"will investigate the company in response to the report," and that
the AIRC's president-elect said the allegations were "highly
concerning." Following this news, New Oriental stock dropped
$6.99 per share, or 14.27%, to close
at $42.00 on December 2, 2016.
If you are aware of any facts relating to this investigation, or
purchased New Oriental shares, you can assist this investigation by
visiting the firm's site: www.bgandg.com/edu. You can also contact
Peretz Bronstein or his Investor
Relations Analyst, Yael Hurwitz of
Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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