The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of TAL Education Group (NYSE: TAL) who purchased American Depository Shares between June 14, 2022 and March 14, 2023. The action, which was filed in the United States District Court for the District of New Jersey, alleges that the Company violated federal securities laws.
In particular, the TAL lawsuit alleges that (1) the Company was still providing services relating to academic subjects to students from kindergarten through grade nine; and (2) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.
Shareholders have until May 30, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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