NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of purchasers of the securities of RYB Education, Inc. (NYSE: RYB) resulting from allegations that RYB Education may have issued materially misleading business information to the investing public.
On November 24, 2017, various news outlets reported that police have opened an investigation into RYB Education after numerous parents accused a RYB Education nursery of drugging and molesting their children. Beijing’s education authority confirmed the police investigation in a statement. According to Xinhua, RYB Education has suspended multiple teachers at RYB Education New World after kindergarten students claimed that they had been given unidentified pills and brown syrup, and forced to undress and locked in a dark room. Parents reported that at least eight children have been abused at the school and that the children are giving similar accounts of what occurred. On this news, shares of RYB Education fell $10.28 per share or over 38% from its previous closing price to close at $16.45 per share on November 24, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by RYB Education investors. If you purchased shares of RYB Education, please visit the firm’s website at http://www.rosenlegal.com/cases-1247.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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