NEW
YORK, March 23, 2022 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of New
Oriental Education & Technology Group Inc..
Shareholders who purchased shares of EDU during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/new-oriental-education-technology-group-inc-loss-submission-form/?id=24988&from=4
CLASS PERIOD: April 24,
2018 to July 22, 2021
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose 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; and (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, factual basis.
DEADLINE: April 5, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/new-oriental-education-technology-group-inc-loss-submission-form/?id=24988&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of EDU during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is April 5, 2022. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original
content:https://www.prnewswire.com/news-releases/shareholder-alert-the-gross-law-firm-notifies-shareholders-of-new-oriental-education--technology-group-inc-of-a-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-april-5-2022--nyse-edu-301508356.html
SOURCE The Gross Law Firm