Hagens Berman Reminds Investors in TAL Education Group (TAL) of the August 17, 2018 Securities Class Action Lead Plaintiff Deadline

World News: . []

SAN FRANCISCO, July 11, 2018 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP reminds investors in TAL Education Group (NYSE:TAL) of the in the pending securities class action.  If you purchased or otherwise acquired TAL securities and suffered losses contact Hagens Berman Sobol Shapiro LLP.  For more information visit:

or contact Reed Kathrein, who is leading the firm’s investigation, by calling or emailing

On June 13, 2018, an analyst published a report accusing TAL of fraudulently overstating its profits since at least fiscal year 2016.  Among other things, the analyst accused the Company of overstating net income by over 40% during the last two years.

This news drove the price of TAL securities down $4.54, or about 11%, to close at $41.11 that day.

More recently, the analyst accused TAL of failing to address the report’s conclusions that reported profits are fraudulently inflated, the Company engaged in two sets of non-substantive transactions, it may have diverted funds through a straw party, and it is not disclosing a substantial compression of core business operating margins.

“We’re focused on investors’ losses and the analyst’s accusations which, if true, suggest that the Company may have seriously misled investors,” said Hagens Berman partner Reed Kathrein.

Contact:Reed Kathrein, 510-725-3000

More news and information about Hagens Berman Sobol Shapiro LLP

Published By:

Globe Newswire: 22:37 GMT Wednesday 11th July 2018

Published: .

Search for other references to "hagens" on SPi News

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
Sector Publishing Intelligence Ltd.
Ground Floor Offices, Little Keep Gate, Barrack Road, Dorchester, Dorset DT1 1AH
Registered in England and Wales number 0751938.
Privacy Policy | Terms and Conditions | Contact Us

Advertising on SPi News: Information For Advertisers