NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 17, 2018 to file lead plaintiff applications in a securities class action lawsuit against TAL Education Group (NYSE: TAL), if they purchased the Company’s securities between April 26, 2018 and June 13, 2018, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased securities of TAL and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or visit https://www.ksfcounsel.com/cases/nyse-tal/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 17, 2018.
About the Lawsuit
TAL and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On June 13, 2018, a report by Muddy Waters Research alleged a wide range of illicit activity by TAL, including that it “has been fraudulently overstating its profits since at least FY2016,” and that “TAL combines the old school China fraud playbook of simply penciling in more favorable numbers with the more sophisticated asset parking fraud of Enron.”
On this news, the price of TAL’s shares plummeted $4.54 per share, or over 9%, to close at $41.11 on June 13, 2018.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.