LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of RYB Education, Inc. (“RYB Education” or the “Company”) (NYSE: RYB) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the RYB Education investigation page on our website www.glancylaw.com/case/ryb-education-inc.
On November 24, 2017, RYB Education disclosed that police started an investigation following reports from some parents of children enrolled in a class at an RYB-branded kindergarten in Beijing, claiming that their children had experienced “seriously improper conduct” at the kindergarten. RYB Education also stated that it suspended the staff who were allegedly involved, and would take all other necessary measures to promptly cooperate with police and other authorities on the investigation.
On this news, shares of RYB Education fell $10.26 per share, or more than 38%, to close at $16.45 per share on November 24, 2017, thereby injuring investors.
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If you purchased RYB Education 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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