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TAL Education Group Securities Fraud Class Action

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COMPANY         TAL Education Group
COURT United States District Court for the Southern District of New York
CASE NUMBER 22-cv-01015
JUDGE The Honorable Andrew Lamar Carter Jr.
CLASS PERIOD April 26, 2018 - July 22, 2021
SECURITY TYPE  American Depository Shares

Case Background:

This is a class action lawsuit on behalf of those who purchased or acquired TAL Education Group (“TAL”) (NYSE: TAL) American Depository Shares (“ADSs”) between April 26, 2018 and July 22, 2021, both dates inclusive (the “Class Period”).

The Complaint alleges that throughout the Class Period, the 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; and (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.

Current Status of Case:

On November 20, 2023, Lead Plaintiffs filed a Second Amended Complaint. Defendants filed a Motion to Dismiss the Second Amended Complaint on January 19, 2024. The Motion has been fully briefed and is pending decision by the Court. This action is ongoing. 

If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP:  Jon Naji, Esq. (484) 270-1453 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.

Please complete this form relating to your transactions for TAL Education Group (NYSE: TAL) American Depository Shares (“ADSs”) between April 26, 2018 and July 22, 2021, both dates inclusive (the “Class Period”).

You may also contact Jon Naji, Esq. (484) 270-1453; or you may submit your information via email at info@ktmc.com; or you may click here to print a PDF of this form.

SUBMIT YOUR INFORMATION
* Denotes required field
Date
# of Shares
Price per Share
Date
Principal Amount
Amount Paid
Series or CUSIP
Date
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of TAL Education Group prior to the Class Period?
Are you a current or former employee of TAL Education Group ?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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