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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
Court
1:21-cv-03502
Case number
16 Aug 2016
Class period Start
01 Nov 2019
Class period End
28 Dec 2023
Claim deadline
Tarena (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

Tarena Intl Adr

Tarena International, Inc., through its subsidiaries, provides professional education services through full-time and part-time classes under the Tarena brand in the People's Republic of China. It o...

    Ticker
    TEDU.US
    ISIN
    US8761081012
    Sector
    Consumer Defensive
    Industry
    Education & Training Services
    Country
    USA
    Address
    Litchi Tower, Beijing, China, 100011