NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announced today that a class action lawsuit has been filed in the United States District Court for the Southern District of New York against TAL Education Group (“TAL” or “the Company”) (NYSE: TAL) on behalf of investors that acquired TAL securities during the period from April 26, 2018 through June 13, 2018 (the “Class Period”), seeking recovery of damages for alleged violations of the federal securities laws. Investors have until Friday, August 17, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that on June 13, 2018, the investment research firm, Muddy Waters issued a report accusing the Company of issuing fraudulent profit figures by overestimating net income, net income margin, and other essential accounting figures. On this news, shares of TAL fell from $45.65 to close at $41.11 on June 13, 2018 (a decline of $4.54, or approximately 10%).
If you purchased or otherwise acquired shares of TAL during the Class Period, and would like to move to serve as lead plaintiff, you may contact Thomas W. Elrod, Esq. of Kirby McInerney LLP at (212) 371-6600, or by email at firstname.lastname@example.org, or by filling out the form at the link below to discuss your rights and options without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
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