TAL Education (TAL) Alert: Johnson Fistel Announces Investigation of TAL Education Group; Recent Investors Encouraged to Contact Firm
SAN DIEGO, June 13, 2018, /PRNewswire/ —
Johnson Fistel, LLP, a shareholder rights law firm, is investigating potential claims on behalf of investors of TAL Education Group (NYSE: TAL). TAL provides K-12 after-school tutoring services in the People’s Republic of China.
On June 13, 2018, Carson Block, Chief Investment Officer at Muddy Waters, discussed a recent TAL research report on Bloomberg. This report declared that TAL “has been fraudulently overstating its profits since at least FY2016.” The report referred to a broad review of Chinese government documents. According to the report, between fiscal years 2016 and 2018, TAL overstated its operating profit by at least 21.6%, its pre-tax profit by at least 39.8% and its net income by at least 43.6%. The Muddy Waters report is entitled “TAL Education: A Real Business with Fake Financials. Following the news, TAL stock fell 9.95% on June 13, 2018.
If you recently purchased TAL stock and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker (email@example.com) by email or by phone at 619-814-4471. If you email, please include your phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.