NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of RYB Education, Inc. (NYSE:RYB) concerning possible violations of federal securities laws.
On November 24, 2017, media outlets reported that parents had accused a RYB Education nursery of drugging and abusing children. The same day, RYB Education issued a press release providing an “update on allegations of improper conduct toward children enrolled in a class at an RYB-operated kindergarten in Beijing,” stating that a police investigation was ongoing. Then on November 27, 2017, RYB Education announced that one “teacher at the RYB-operated kindergarten in question was detained as a criminal suspect for maltreatment of children in the facility, and the police investigation is continuing.” RYB Education further stated that it would dismiss the accused teacher, effective immediately.
If you suffered a loss in RYB and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kkclasslaw.com/RYB-Info-Request-Form-228.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.