BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of investors of Tarena International, Inc. (“Tarena” or the “Company”) (Nasdaq: TEDU) concerning the Company’s and its officers’ possible violations of federal securities laws in connection with the Company’s education program.
On August 18, 2015, the Company announced second quarter results that missed analyst expectations. The Company also reduced its full year revenue guidance from approximately $183 million to $175 million. On this news, Tarena shares fell $3.47, or more than 28%, to close at $8.71 on August 19, 2015, thereby injuring investors.
Subsequently, on October 21, 2015, Seeking Alpha published a report on Tarena alleging that the Company “has a large, accelerating accounts receivable problem” that will continue to get worse, that the company “has a company specific problem in collecting on tuition,” that the “inability of TEDU's students to access credit has caused the quality of the TEDU's financing partners to move from established banks to shadow banks,” and that the Company engages in deceptive practices and makes false promises to students.
If you purchased Tarena securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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