EDU INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against New Oriental Education & Technology Group Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / January 30, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against New Oriental Education & Technology Group Inc. (“New Oriental” or the “Company”) (NYSE: EDU). Investors, who purchased or otherwise acquired New Oriental shares between September 27, 2016 and December 1, 2016 inclusive (the “Class Period”), are encouraged to contact the firm prior to the February 13, 2017, also known as the lead plaintiff motion deadline.

To participate in this class action lawsuit, call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

Reuters published an article on December 2, 2016 revealing that New Oriental has been accused of engaging in college application fraud. The article states that “[e]ight former and current New Oriental employees…told Reuters the firms have engaged in college application fraud, including writing application essays and teacher recommendations, and falsifying high school transcripts.” That day, Reuters released an update stating that due to its earlier report detailing academic fraud allegations at New Oriental, the American International Recruitment Council (“AIRC”) stated that it “will investigate the company in response to the report,” and the AIRC’s president-elect referred to the allegations as “highly concerning.” When this information was revealed to the investing public, the value of New Oriental stock fell, causing investors harm.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC

Brian Lundin, Esq.

Telephone: 888-713-1033

Facsimile: 888-713-1125

brian@lundinlawpc.com

SOURCE: Lundin Law PC

ReleaseID: 453832