According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- certain employees were interfering with external audits of Tarena’s financial statements for certain periods;
- Tarena suffered from revenue and expense inaccuracies;
- Tarena engaged in business transactions with organizations owned, invested in or controlled by Tarena employees or their family members, which in some instances were not properly disclosed by Tarena;
- as a result of the foregoing, Tarena’s financial statements from 2014 through the end of Class Period were not accurate; and
- as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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