Skip to Content
PR Newswire

TAL ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of April 5, 2022 in the Class Action Filed on Behalf of Tal Education Group Shareholders

TAL ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of April 5, 2022 in the Class Action Filed on Behalf of Tal Education Group Shareholders

TAL ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of April 5, 2022 in the Class Action Filed on Behalf of Tal Education Group Shareholders

PR Newswire

NEW YORK, April 5, 2022

NEW YORK, April 5, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Tal Education Group (NYSE: TAL) alleging that the Company violated federal securities laws.

Class Period: April 26, 2018 to July 22, 2021
Lead Plaintiff Deadline: April 5, 2022
No obligation or cost to you.

Learn more about your recoverable losses in TAL:
https://www.kleinstocklaw.com/pslra-1/tal-education-group-loss-submission-form?id=25494&from=4 

Tal Education Group NEWS - TAL NEWS

CLASS ACTION CASE DETAILS: The filed complaint alleges that Tal Education Group made materially false and/or misleading statements and/or failed to disclose that: (a) 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 the Company to an extreme risk that more draconian measures would be imposed on the Company; (b) 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 the Company's programs to its customers, the creation of fake customer reviews designed to fraudulently lure new customers to TAL programs, the misrepresentation of teacher qualifications and course qualities, and the marketing of rigged promotional events; (c) TAL had defied Chinese policies designed to alleviate the burden imposed by tutoring services on students and their families, including by imposing hefty advances and recurring debt payments on course enrollees, by offering courses designed to give affluent students unfair advantages, by holding courses outside of allowable tutoring hours, and by linking for-profit courses to government-mandated schooling; (d) as a result of the foregoing, TAL was subject to an extreme undisclosed risk of adverse enforcement actions, regulatory fines and penalties, and the imposition of new rules and regulations adverse to the Company's business and financial interests; and (e) as a result of the foregoing, TAL's historical growth was not sustainable or the result of legitimate business tactics as represented, and defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and lacked a reasonable factual basis.

WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in TAL you have until April 5, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you purchased TAL securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.

HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the TAL lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/tal-education-group-loss-submission-form?id=25494&from=4 .

ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com

Cision View original content:https://www.prnewswire.com/news-releases/tal-alert-the-klein-law-firm-announces-a-lead-plaintiff-deadline-of-april-5-2022-in-the-class-action-filed-on-behalf-of-tal-education-group-shareholders-301517069.html

SOURCE The Klein Law Firm