TAL Education Group (TAL)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of TAL Education Group (TAL) (“TAL” or the “Company”)(NYSE:TAL). Investors who purchased TAL securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether TAL and certain of its officers and/or directors have violated federal securities laws.
On March 14, 2023, Seeking Alpha published an article entitled “TAL Education, Chinese ed-tech stocks slump on crackdown fears”, reporting that “Chinese media reports indicated the company may have flouted government regulations.” The article further reported that “TAL subsidiary Xueersi restarted courses that run counter to conventions put in place by Xi Jinping’s Common Prosperity drive. Specifically, courses were restarted in subjects like mathematics and English under the guise of permitted tutoring outside of core subjects. Under the ‘Double Reduction Policy’, tutoring in core subjects must be offered as a strictly non-profit business.” On this news, TAL’s American Depositary Receipt (“ADR”) price fell $0.68 per ADR, or 10%, to close at $6.12 per ADR on March 14, 2023.
If you are aware of any facts relating to this investigation or purchased TAL shares, you can assist this investigation, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.