BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues investigation on behalf of TAL Education Group (“TAL” or the “Company”) (NYSE: TAL) investors concerning the Company and its officers’ possible violations of federal securities laws.
On June 13, 2018, Carson Block told Bloomberg that TAL is “a real business but its profits are fraudulent.” According to a report on Muddy Waters’ website TAL began fraudulently creating profits as early as fiscal year 2016, by inputting more favorable numbers along with engaging in more sophisticated asset parking transactions. On this news, shares of TAL fell over 9% during intraday trading on June 13, 2018, thereby injuring investors.
If you purchased TAL 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 www.howardsmithlaw.com.
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