INVESTOR LOSS ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against New Oriental
Education & Technology Group Inc. - EDU
Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of
shareholders of New Oriental Education & Technology Group Inc. (NYSE:EDU) resulting from allegations that New Oriental may have
issued materially misleading business information to the investing public.
On December 2, 2016, Reuters published an article revealing that New Oriental has been accused of engaging in college
application fraud. The article stated that “[e]ight former and current New Oriental employees…told Reuters the firms have
engaged in college application fraud, including writing application essays and teacher recommendations, and falsifying high school
transcripts.” Shortly thereafter on the same day, Reuters published an article announcing that in the wake of its earlier
report detailing allegations of academic fraud at New Oriental, the American International Recruitment Council (“AIRC”) stated that
it “will investigate the company in response to the report”, and the AIRC’s president-elect called the allegations “highly
concerning.” On this news, shares of New Oriental fell sharply during intraday trading on December 2, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by New Oriental investors. If you purchased shares
of New Oriental please visit the firm’s website at http://www.rosenlegal.com/cases-1007.html for more information. You may also contact Phillip Kim or Kevin Chan
of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder
derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
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