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New Oriental Education & Technology Group Inc EDU

New Oriental Education & Technology Group Inc is a China-based company mainly engaged in delivering comprehensive educational programs, services and products to students through its nationwide physical network of schools, learning centers and bookstores, as well as pure-play online learning platforms. The Company primarily operates through four segments. The Educational Services and Test Preparation Courses segment mainly provides K-12 after school training (AST), test preparation, and other courses. The Online Education and Other Services segment mainly provides online education. The Overseas Study Consulting Services segment mainly provides overseas study consulting services. The Educational Materials and Distribution segment is mainly engaged in distributing and selling books and other educational materials through its distribution channels, which consist of bookstores operated by the Company and third-party distributors.


NYSE:EDU - Post by User

Post by Mooneymanon Jul 22, 2012 11:12am
702 Views
Post# 20139662

hmmmmm

hmmmmm

Stock drops from $22 bucks to under $10 and claws it's way back to $12

Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of New Oriental Education & Technology Group Inc.

 
Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of New Oriental Education & Technology Group Inc.

Law Offices of Howard G. Smith announces that it is investigating potential claims against New Oriental Education & Technology Group Inc. ("New Oriental Education” or the “Company”) (NYSE:EDU) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by New Oriental Education were false and misleading concerning the Company’s financial performance.

New Oriental Education provides private educational services primarily in China, including language training courses in English, German, Japanese, French, Spanish and other foreign languages.

The investigation concerns the Company’s July 17, 2012 disclosure that the U.S. Securities and Exchange Commission had issued a formal order of investigation concerning “whether there is a sufficient basis for the consolidation of Beijing New Oriental Education & Technology (Group) Co., Ltd., a variable interest entity of the Company, and its wholly owned subsidiaries, into the Company's consolidated financial statements.” Following this news, the price of New Oriental Education American depositary receipts declined more than 30%, the biggest decline since the Company’s initial public offering in 2006.

 

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