NEW
YORK, March 16, 2022 /PRNewswire/ -- The Gross
Law Firm issues the following notice on behalf of shareholders of
Tal Education Group.
Shareholders who purchased shares of TAL during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/tal-education-group-loss-submission-form/?id=24697&from=4
CLASS PERIOD: April 26,
2018 to July 22, 2021
ALLEGATIONS: The complaint alleges that during the class
period, Defendants 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.
DEADLINE: April 5, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/tal-education-group-loss-submission-form/?id=24697&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of TAL during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is April 5, 2022. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm