Case Number: No. 1:22-cv-01015
Practice Area: Securities Fraud & Investor Protection
Case Status: Pending
Court: United States District Court for the Southern District of New York
Berger Montague serves as Co-Lead Counsel for the proposed class, representing Co-Lead Plaintiff Public Employees’ Retirement System of Mississippi (“Mississippi”). The case is pending in the United States District Court for the Southern District of New York and captioned Sun v. TAL Education Group, et al., No. 1:22-cv-01015 (S.D.N.Y.) (Carter, J.).
Mississippi was appointed Co-Lead Plaintiff with the New Mexico State Investment Council. Lead Plaintiffs’ claims arise from a series of alleged materially false and misleading statements made by the defendants from April 26, 2018 through July 22, 2021, concerning TAL’s core business, including its adherence to Chinese regulations governing the private, after school for-profit tutoring industry, its ability to comply with those regulations, the causes for its increasing student enrollment and financial success, and the characterization of those regulations as “beneficial.” TAL told the investing public that it complied with these critical regulations, however, the plaintiffs allege that it intentionally failed to do so to fuel its rapid growth, contributing to a shut-down of the industry and TAL’s profitable tutoring business. The defendants’ motions to dismiss are fully briefed and the motion is pending. Michael Dell’Angelo, Barbara Podell and Andrew Abramowitz of Berger Montague are responsible for this matter.
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About Berger Montague
Berger Montague is a national law firm focusing on complex civil litigation in federal and state courts throughout the United States. For over half a century, Berger Montague has played lead roles in consequential, precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago, Minneapolis, San Diego, San Francisco, Toronto, and Washington, D.C.