11/07/2018 22:37:36

Hagens Berman Reminds Investors in TAL Education Group (TAL) of the August 17, 2018 Securities Class Action Lead Plaintiff Deadline

Related content
19 Jul - 
SHAREHOLDER ALERT – MFGP ATEN REPH DB QCOM TAL NWL: The..
18 Jul - 
Bragar Eagel & Squire, P.C. Reminds Investors That Clas..
18 Jul - 
CLASS ACTION UPDATE for PPG and TAL: Levi & Korsinsky, ..

SAN FRANCISCO, July 11, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in TAL Education Group (NYSE:TAL) of the August 17, 2018 Lead Plaintiff deadline in the pending securities class action.  If you purchased or otherwise acquired TAL securities between April 26, 2018 and June 13, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

https://www.hbsslaw.com/cases/TAL

or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing

TAL@hbsslaw.com.

On June 13, 2018, an analyst published a report accusing TAL of fraudulently overstating its profits since at least fiscal year 2016.  Among other things, the analyst accused the Company of overstating net income by over 40% during the last two years.

This news drove the price of TAL securities down $4.54, or about 11%, to close at $41.11 that day.

More recently, the analyst accused TAL of failing to address the report’s conclusions that reported profits are fraudulently inflated, the Company engaged in two sets of non-substantive transactions, it may have diverted funds through a straw party, and it is not disclosing a substantial compression of core business operating margins.

“We’re focused on investors’ losses and the analyst’s accusations which, if true, suggest that the Company may have seriously misled investors,” said Hagens Berman partner Reed Kathrein.

Whistleblowers:  Persons with non-public information regarding TAL should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.  Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.  For more information, call Reed Kathrein at 510-725-3000 or email TAL@hbsslaw.com.

About Hagens Berman

Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80+ attorneys in 10 offices across the country.  The Firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes can be found at www.hbsslaw.com.  For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:

Reed Kathrein, 510-725-3000

Primary Logo

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

HSBC Bank Plc : Form 8.5 (EPT/RI) - Lonmin PLC

22/02/2018 10:54:53
FORM 8.5 EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Name of exempt principal trader: HSBC BANK PLC (b) Name of offeror/offeree i..

Rathbone Brothers Plc : Preliminary announcement of 2017 results

22/02/2018 07:00:19
Funds under management up 14.3% to £39.1 billionThis is a preliminary statement of annual results published in accordance with FCA Listing Rule 9.7A. It covers the year ended 31 December 2017. Mark Nicholls, Chairman of Rathbone Brothers Plc, said: "UK and global investment markets performed well in 2017, with some indices reaching record levels towards the end of the year. This outcome has b..

Elliott Capital Advisors, L.P : Form 8.3 - GKN Plc

Related news
21/02/2018 15:25:10
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: Elliott Capital Advisors, L.P. (for itself and related general partners ..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Second quarter 2018 results - ramping up construction and increasing backlog and pipeline
2
Pittsburgh International Airport Selects World-Renowned Architectural and Engineering Firms with Local Ties to Collaborate on Design of New Terminal
3
Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against National Beverage Corp.
4
Sterling National Bank Grows Commercial Banking and Commercial Finance Teams with Key Hires
5
FAURECIA : DOUBLE-DIGIT GROWTH IN SALES AND OPERATING INCOME IN THE FIRST HALF - UPGRADED FULL-YEAR GUIDANCE

Related stock quotes

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2018   Disclaimer and Terms of Use
Quote information is delivered by Morningstar.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
21 July 2018 04:34:25
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20180712.1 - EUROWEB2 - 2018-07-21 05:34:25 - 2018-07-21 04:34:25 - 1000 - Website: OKAY