NEW YORK, Aug. 11, 2018 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed
against TAL Education Group (“TAL” or the “Company”) (NYSE: TAL) and certain of its officers. The class action,
filed in United States District Court, Southern District of New York, and docketed under 18-cv-06440, is on behalf of a class
consisting of all persons other than Defendants who purchased or otherwise acquired TAL securities between April 26, 2018 and June
13, 2018, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal
securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”)
and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased TAL securities between April 26, 2018, and June 13, 2018, both dates
inclusive, you have until August 17, 2018, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the
Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who
inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here to join this class action]
TAL provides educational services and offers comprehensive tutoring services to students covering core academic
subjects such as mathematics, English, Chinese, physics, and chemistry. TAL primarily provides services in China.
The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading
statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or
misleading statements and/or failed to disclose that: (i) TAL overstated its net income; (ii) TAL’s net income was in fact
deteriorating; and (iii) as a result of the foregoing, TAL’s public statements were materially false and misleading at all relevant
times.
On June 13, 2018, Carson Block issued a report accusing TAL of issuing fraudulent profit figures by overstating
net income, net income margin and other essential accounting metrics.
On this news, TAL’s ADR price fell $4.54, or over 9.95%, to close at $41.11 on June 13, 2018, on unusually heavy
trading volume.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the
premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz,
known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80
years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities
fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on
behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980
