Business Wire 14-Jun-2018 7:46 PM
Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of TAL Education Group ("TAL" or the "Company") (NYSE: TAL) investors concerning the Company and its officers' possible violations of federal securities laws.
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On June 13, 2018, Carson Block told Bloomberg that TAL is "a real business but its profits are fraudulent." According to a report on Muddy Waters' website TAL began fraudulently creating profits as early as fiscal year 2016, by inputting more favorable numbers along with engaging in more sophisticated asset parking transactions. On this news, shares of TAL fell $4.54, or nearly 10% to close at $41.11 on June 13, 2018, thereby injuring investors.
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If you purchased TAL securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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