LOS ANGELES, CA / ACCESSWIRE / May 4, 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.
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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.
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SOURCE: The Schall Law Firm