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Investigation announced for Investors in shares of TAL Education Group (NYSE: TAL)

04-13-2020 09:00 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in TAL Education Group (NYSE: TAL) shares over potential securities laws violations.

An investigation for investors in TAL Education Group (NYSE: TAL) shares over potential securities laws violations.

An investigation was announced concerning potential securities laws violations by TAL Education Group in connection with certain financial statements.

Investors who purchased shares of TAL Education Group (NYSE: TAL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by TAL Education Group (NYSE: TAL regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China based TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. TAL Education Group reported that its Total Revenue rose from over $1.71 billion for the 12 months period that ended on February 28, 2018, to over $2.56 billion for the 12 months period that ended on February 28, 2019, and that its Net Income for those respective time periods increased from $198.44 million to $367.23 million.

On April 7, 2020, TAL Education Group announced it discovered that a particular employee committed wrongdoing in the Company's internal auditing process. TAL Education Group stated that it "found the irregularities and violations of the Company's business conduct and internal control policies by an employee in the Company's newly introduced 'Light Class' business."
TAL Education Group further stated, "based upon the Company's routine internal audit, the Company suspects that the employee of question conspired with external vendors to wrongly inflate 'Light Class' sales by forging contracts and other documentations." Shares of TAL Education Group (NYSE: TAL) declined from $57.25 per share on April 7, 2020 to $50.20 per share on April 8, 2020.

Those who purchased shares of TAL Education Group (NYSE: TAL) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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