February 16, 2022 News

TAL Education Group Company News: Berger Montague Investigates Securities Fraud Allegations Against TAL Education Group (NYSE: TAL); Lead Plaintiff Deadline is April 5, 2022

PHILADELPHIA, February 16, 2022 – Berger Montague is investigating securities fraud allegations on behalf of investors who purchased the securities of TAL Education Group (“TAL” or the “Company”) (NYSE: TAL) between April 26, 2018 and July 22, 2022 (the “Class Period”).

If you purchased TAL securities during the Class Period, would like to discuss Berger Montague’s investigation, or have questions concerning your rights or interests, please contact attorneys Andrew Abramowitz at [email protected] or (215) 875-3015, or Michael Dell’Angelo at [email protected] or (215) 875-3080 or visit: https://investigations.bergermontstg.wpengine.com/tal-education-group/.

Whistleblowers: Anyone with non-public information regarding TAL is encouraged to confidentially assist Berger Montague’s investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.

TAL, based in Beijing, provides K-12 after-school tutoring services in China. On April 25, 2021, media reports revealed that the city of Beijing had fined four education institutions, including TAL, for misleading customers with false advertising.

On June 1, 2021, Chinese regulators announced they had fined 15 off-campus training institutions, including TAL, for such illegal activities as fraud and misleading advertising. On this news, TAL’s ADSs dropped from $40.51 on June 1, 2021 to $33.27 on June 3, 2021, an 18% decline over two trading days.

Then, on July 23, 2021, China unveiled a sweeping overhaul of its education sector, banning companies such as TAL from making profits, raising capital, or going public. This news caused the price of TAL’s ADSs to plummet from $20.52 on July 22, 2021 to $4.40 on July 26, 2021 – a decline of nearly 79%.

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