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The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against New Oriental Education & Technology Group Inc. (“New Oriental”) (NYSE: EDU). The action charges New Oriental with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects. As a result of New Oriental’s materially misleading statements to the public, New Oriental investors have suffered significant losses.
Kessler Topaz is one of the world’s foremost advocates in protecting the public against corporate fraud and other wrongdoing. Our securities fraud litigators are regularly recognized as leaders in the field individually and our firm is both feared and respected among the defense bar and the insurance bar. We are proud to have recovered billions of dollars for our clients and the classes of shareholders we represent.
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CLICK HERE TO SUBMIT YOUR NEW ORIENTAL LOSSES. YOU CAN ALSO CLICK ON THE FOLLOWING LINK OR COPY AND PASTE IN YOUR BROWSER: https://www.ktmc.com/edu-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=edu.
LEAD PLAINTIFF DEADLINE: April 5, 2022
CLASS PERIOD: April 24, 2018 through July 22, 2021
CONTACT AN ATTORNEY TO DISCUSS YOUR RIGHTS:
James Maro, Esq. (484) 270-1453 or Email at [email protected]
NEW ORIENTAL’S ALLEGED MISCONDUCT
New Oriental provides educational programs, services and products to students across the People’s Republic of China (“China”) and delivers online courses through its online learning platforms.
On June 1, 2021, Chinese regulators announced they had fined 15 off-campus training institutions, including New Oriental, for illegal activities such as false advertising and fraud. Among the violations were reportedly fabricating teacher qualifications, exaggerating the effects of training, and fabricating user reviews. Following…
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