IMPORTANT EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against New Oriental Education & Technology Group Inc., and Encourages Investors with Losses to Contact the Firm
IRVINE, CA / ACCESSWIRE / January 31, 2017 / Khang & Khang LLP (the “Firm”) announces the filing of 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.
If you purchased shares of New Oriental during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org.
There has been no class certification in this case. 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 alleged to have engaged in college application fraud. The article states that “[e]ight former and current New Oriental employees…told Reuters the firms have participated in college application fraud, including forging application essays and teacher recommendations, and falsifying high school transcripts.” That day, Reuters disclosed an update mentioning that because 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 disclosed to the investing public, the value of New Oriental stock fell, causing shareholders harm.
If you wish to learn more about this lawsuit at no charge, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or via e-mail at email@example.com.
This press release may constitute Attorney Advertising in some jurisdictions.
Joon M. Khang, Esq.
SOURCE: Khang & Khang LLP