TAL Education Group

Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of TAL Education (NYSE: TAL) resulting from allegations that TAL Education may have issued materially misleading business information to the investing public.

If you purchased TAL Education securities and would like to join the prospective action, please click “Join This Class Action.”

If you purchased TAL Education securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

On March 14, 2023, Seeking Alpha released an article entitled “TAL Education, Chinese ed-tech stocks slump on crackdown fears.” The article discussed how “Chinese media reports indicated the company may have flouted government regulations.” In addition, the article stated “TAL subsidiary Xueersi restarted courses that run counter to conventions put in place by Xi Jinping’s Common Prosperity drive. Specifically, courses were restarted in subjects like mathematics and English under the guise of permitted tutoring outside of core subjects. Under the “Double Reduction Policy”, tutoring in core subjects must be offered as a strictly non-profit business.”

On this news, TAL Education’s share price fell $0.68, or 10%, to close at $6.12 per share on March 14, 2023.

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Company Name: TAL Education Group
Stock Symbol: TAL
Class Period: N/A
Court: N/A

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