The Law Offices of Frank R. Cruz Announces Investigation of TAL Education Group (TAL) on Behalf of Investors
LOS ANGELES , March 22 /Businesswire/ - The Law Offices of Frank R. Cruz announces an investigation of TAL Education Group (“TAL” or the “Company”) (NYSE: TAL) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On March 14, 2023, an article was published on Seeking Alpha that alleged, among other things, that TAL’s subsidiary, Xueersi, had offered courses that “run counter to conventions put in place by Xi Jinping’s Common Prosperity drive.” Specifically, courses in mathematics and English, which are considered core subjects and must be offered as a strictly non-profit business, were restarted “under the guise of permitted tutoring outside of core subjects.”
On this news, TAL’s share price fell $0.91, or 13.4%, over the next two consecutive trading days to close at $5.89 per share on March 15, 2023, 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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