11/01/2017 21:29:53

EDU LOSS ALERT: Rosen Law Firm Reminds New Oriental Education & Technology Group Inc. Investors of Important Deadline in Class Action - EDU

Related content
09 Aug - 
Sky9 Capital Announces the Addition of Chay, Teh, Xu, a..
08 Feb - 
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareh..
08 Feb - 
DEADLINE ALERT: Bronstein, Gewirtz & Grossman, LLC Remi..

NEW YORK, Jan. 11, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of New Oriental Education & Technology Group Inc. American Depositary Shares (NYSE:EDU) from September 27, 2016 through December 1, 2016, both dates inclusive (the “Class Period”) of the important February 13, 2017 lead plaintiff deadline. The lawsuit seeks to recover damages for New Oriental investors under the federal securities laws.

To join the New Oriental class action, go to http://www.rosenlegal.com/cases-1007.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) New Oriental engaged in college application fraud; and (2) as a result, Defendants’ statements about New Oriental’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On December 2, 2016, Reuters reported that eight former and current New Oriental employees informed Reuters that New Oriental “engaged in college application fraud, including writing application essays and teacher recommendations, and falsifying high school transcripts.” On this news, shares of New Oriental fell $6.99 per share or over 14% from its previous closing price to close at $42.00 per share on December 2, 2016, damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 13, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1007.html  or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com. Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

Kevin Chan, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 34th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com

pkim@rosenlegal.com

kchan@rosenlegal.com

www.rosenlegal.com

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

Mothercare Plc : Holding(s) in Company

17/08/2017 07:12:31
TR-1: S tandard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i   1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii ..

Form 8.3 - AXA INVESTMENT MANAGERS : Berendsen Plc

16/08/2017 14:31:19
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: AXA Investment Managers (b) Owner o..

Novae Group plc: Holdings in Company

16/08/2017 12:34:53
TR-1: S tandard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i   1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
DEADLINE ALERT: Brower Piven Reminds Investors Of Upcoming Deadline And Encourages Shareholders Who Have Losses In Excess Of $100,000 From Investment In Pingtan Marine Enterprise Ltd. (NASDAQ: PME) To Contact The Firm
2
INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses In Excess Of $100,000 From Investment In Zebra Technologies Corporation (Nasdaq: ZBRA) To Contact Brower Piven Before The Lead Plaintiff Deadline In Class Action Lawsuit
3
ZTO EXPRESS SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against ZTO Express (Cayman), Inc. - (ZTO)
4
INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses In Excess Of $100,000 From Investment In Foundation Medicine, Inc. (Nasdaq: FMI) To Contact Brower Piven Before The Lead Plaintiff Deadline In Class Action Lawsuit
5
Semaglutide superior to dulaglutide on glucose control and weight loss in people with type 2 diabetes in SUSTAIN 7

Related stock quotes

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
17 August 2017 08:53:32
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170808.1 - EUROWEB5 - 2017-08-17 09:53:32 - 2017-08-17 08:53:32 - 1000 - Website: OKAY