TEDU.US
id: 829
Tarena (TEDU) $3.5M Investor Settlement
It is still possible to file a late claim. The court will decide whether to accept late claims or not.
E.D. New York
Court1:21-cv-03502
Case number16 Aug 2016
Class period Start01 Nov 2019
Class period End28 Dec 2023
Claim deadlineTarena (TEDU) pays $3.5 million to investors to end litigation over interfering with external audits of $TEDU financial statements for certain periods.
Case Status
Accepting Late Claims
Alleged Offence
Misleading Statements,
Financial Misrepresentation,
Failure to Disclose,
Omissions
Suspected Party
Directors,
Management,
Service Provider
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Payout per Share
0.08
Filing date
22 June 2021
Plaintiffs
Walter De Schutter, Steven Clauter, Cynthia Lewis, Yili Qiu
Attorneys
The Rosen Law Firm, P.A. (New York, NY)
Defendants
Shaoyun Han, Yuduo Yang
Judge
Hon. Pamela K. Chen
Administrator
Strategic Claims Services
Settlement agreement date
2023-08-18
Court hearing date
18 January 2024
Exclusion deadline
28 December 2023
Objection deadline
28 December 2023
Hearing deadline
28 December 2023
Trades matching type
FIFO
+$3,500,000
Cash Settlement Amount