Deadline ? April 5, 2022 EDU News |EDU Stock | New Oriental News | Shareholders Class Action Lawsuit New Oriental Education
EDU News and EDU Stock
The lawsuit, filed in the Southern District of New York, seeks to recover shareholders’ losses with NO out-of-pocket cost.
The class action alleges that:
(a) New Oriental’s revenue and operational growth was the result of deceptive marketing tactics and abusive business practices that flouted Chinese regulations and policies and exposed the Company to an extreme risk that more draconian measures would be imposed on the Company.
(b) New Oriental had engaged in misleading and fraudulent advertising practices, including the provision of false and misleading discount Information designed to obfuscate the true cost of the Company’s programs to its customers.
(c) New Oriental had falsified teacher qualifications and experience in order to attract customers and increase student enrollments.
(d) New Oriental had defied prior government warnings against linking school enrollments with the provision of private tutoring services.
(e) As a result of the foregoing, New Oriental was subject to an extreme undisclosed risk of adverse enforcement actions, regulatory fines and penalties, and the imposition of new rules and regulations adverse to the Company’s business and interests.
(f) As a result of the foregoing, defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and lacked a reasonable.
Investors who suffered losses on New Oriental Education shares, only have until April 5, 2022 to request that the court appoint you as a lead plaintiff. Acting as a lead plaintiff is not a requirement to participate in monetary recovery, but you must meet the deadline to be considered as a lead plaintiff.
Vincent Wong Esq Law Offices is here to assist you to register click here ?
The Law Offices of Vincent Wong is a highly experienced corporate and securities firm concentrating in mergers and acquisitions, corporate finance, and securities law. We represent individual shareholders, private equity funds and investment banks in a variety of corporate transactional and litigation matters. Prior results do not guarantee similar outcomes, and this video may be considered attorney advertising under the laws of your state.
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00:39 Class Action Alleges
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