Menu

Search

  |   Business

Menu

  |   Business

Search

EDU LOSS ALERT: Rosen Law Firm Reminds New Oriental Education & Technology Group Inc. Investors of Important Deadline in Class Action - EDU

NEW YORK, Jan. 11, 2017 -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of New Oriental Education & Technology Group Inc. American Depositary Shares (NYSE:EDU) from September 27, 2016 through December 1, 2016, both dates inclusive (the “Class Period”) of the important February 13, 2017 lead plaintiff deadline. The lawsuit seeks to recover damages for New Oriental investors under the federal securities laws.

To join the New Oriental class action, go to http://www.rosenlegal.com/cases-1007.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) New Oriental engaged in college application fraud; and (2) as a result, Defendants’ statements about New Oriental’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On December 2, 2016, Reuters reported that eight former and current New Oriental employees informed Reuters that New Oriental “engaged in college application fraud, including writing application essays and teacher recommendations, and falsifying high school transcripts.” On this news, shares of New Oriental fell $6.99 per share or over 14% from its previous closing price to close at $42.00 per share on December 2, 2016, damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 13, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1007.html  or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com. Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY  10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

March 24 14:30 UTC Released

USECRI Weekly Annualized*

Actual

9.0 %

Forecast

Previous

9.6 %

March 24 14:30 UTC Released

USECRI Weekly Index*

Actual

144.6 %

Forecast

Previous

145.5 %

March 27 08:00 UTC 185185m

DEReal GDP YY*

Actual

Forecast

111.0 %

Previous

111.0 %

March 27 08:00 UTC 185185m

EZIfo Expectations*

Actual

Forecast

104.0 %

Previous

104.0 %

March 27 08:00 UTC 185185m

DEIfo Expectations*

Actual

Forecast

104.3

Previous

104.0

March 27 08:00 UTC 185185m

DEIfo Current Conditions*

Actual

Forecast

118.3 %

Previous

118.4 %

March 27 09:00 UTC 245245m

EZIfo Expectations*

Actual

Forecast

4.9 %

Previous

4.9 %

March 27 09:00 UTC 245245m

TRLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

March 27 09:00 UTC 245245m

EZLoans to Non-Fin

Actual

Forecast

Previous

2.3 %

March 27 09:00 UTC 245245m

EZLoans to Households*

Actual

Forecast

2.3 %

Previous

2.2 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.