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LOS ANGELES, CA / ACCESSWIRE / April 25, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of TAL Education Group ("TAL" or "the Company") (NYSE:TAL) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. TAL admitted on April 7, 2020, that its internal audit process had uncovered wrongdoing by employees. In particular, an employee of the Company's new "Light Class" business violated its business conduct and internal control policies. The Company believes the employee conspired to inflate "Light Class" sales by forging contracts and other materials. Based on this news, shares of TAL traded down sharply in intraday trading.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
SOURCE: The Schall Law Firm
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