Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired TAL Education Group (“TAL”) (NYSE: TAL) American Depository Shares (“ADSs”) between April 26, 2018 and July 22, 2021, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose, among other things, that: (1) 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 TAL to an extreme risk that more draconian measures would be imposed on TAL; (2) 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 TAL’s programs to its customers; (3) TAL had defied Chinese policies designed to alleviate the burden imposed by tutoring services on students and their families; (4) the new rules, regulations and policies to be implemented by the Chinese government were far more severe than represented to investors by the defendants and in fact posed an existential threat to TAL and its business; and (5) as a result of the foregoing, Defendants’ statements about TAL’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Current Status of Case:
On September 18, 2025, Defendants filed a Motion to Dismiss the Third Amended Complaint. The Motion is currently being briefed by the parties. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.