DEADLINE ALERT: Brower Piven Alerts Shareholders Of Approaching Deadline In Class Action Lawsuit And Encourages Those With
Losses In Excess Of $100,000 From Investment In New Oriental Education & Technology Group Inc. To Contact The Firm
The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been
commenced in the United States District Court for the District of New Jersey on behalf of purchasers of New Oriental Education
& Technology Group Inc. (NYSE: EDU) (“New Oriental” or the “Company”) American Depositary Shares (ADSs) during the period
between September 27, 2016 through December 1, 2016, inclusive (the “Class Period”). Investors who wish to become proactively
involved in the litigation have until February 13, 2017 to seek appointment as lead plaintiff.
If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by
the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a
settlement for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from
investment in New Oriental ADSs during the Class Period. Members of the Class will be represented by the lead plaintiff and counsel
chosen by the lead plaintiff. No class has yet been certified in the above action.
The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure
to disclose during the Class Period that New Oriental engaged in college application fraud.
According to the complaint, following a December 2, 2016 report by Reuters that eight former and current New Oriental employees
had informed Reuters that New Oriental engaged in college application fraud, the value of New Oriental ADSs declined
significantly.
If you have suffered a loss in excess of $100,000 from investment in New Oriental ADSs purchased on or after September 27, 2016
and held through the revelation of negative information during and/or at the end of the Class Period and would like to learn more
about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website
at http://www.browerpiven.com/currentsecuritiescases.html. You may also request more information by contacting
Brower Piven either by email at hoffman@browerpiven.com or by telephone
at (410) 415-6616. Brower Piven also encourages anyone with information regarding the Company’s conduct during the period in
question to contact the firm, including whistleblowers, former employees, shareholders and others.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s. If you choose to retain counsel, you may retain Brower Piven without
financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a
member of the class.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com
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