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TAL.US
id: 645

TAL Education Group (TAL) Case

D. New Jersey
Court
14 Jun 2022
Class period Start
14 Mar 2023
Class period End
25 May 2023
Lead Plaintiff motion deadline
  • SA published an article entitledTAL Education, Chinese ed-tech stocks slump on crackdown fears.
  • $TAL price fell 10%, damaging investors.
  • Investors suspect $TAL and its officers of misconduct.
On March 14, 2023, Seeking Alpha published an article entitled “TAL Education, Chinese ed-tech stocks slump on crackdown fears.” The article discussed how “Chinese media reports indicated the company may have flouted government regulations.”

In addition, the article stated “TAL subsidiary Xueersi restarted courses that run counter to conventions put in place by Xi Jinping’s Common Prosperity drive. Specifically, courses were restarted in subjects like mathematics and English under the guise of permitted tutoring outside of core subjects. Under the ‘Double Reduction Policy’, tutoring in core subjects must be offered as a strictly non-profit business.”

On this news, the $TAL price fell 10%, damaging investors.

Taking all facts into account, Investors have reasons to suspect $TAL and its officers of misleading and misconduct.
Alleged Offence
Mismanagement
Misleading Statements
Financial Misrepresentation
Fraud
Failure to Disclose
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Investment Bank
Service Provider
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Shock Event Date
14 March 2023
Lead Plaintiff Deadline
25 May 2023
Collecting participants…

TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, includi...

    Ticker
    TAL.US
    ISIN
    US8740801043
    Sector
    Consumer Defensive
    Industry
    Education & Training Services
    Country
    USA
    Address
    Heying Center, Beijing, China, 100085