NEW YORK, February 20, 2022 / PRNewswire / –
WHY: Rosen Law Firm, a global investor law firm, reminds buyers of New Oriental Education & Technology Group Inc. securities. (NYSE: EDU) between April 24, 2018 and July 22, 2021inclusive (“Class Period”), of the important April 5, 2022 plaintiff’s leading term.
AND WHAT: If you purchased New Oriental Education securities during the class period, you may be entitled to compensation without paying any of your own fees or expenses through a contingency fee arrangement.
WHAT TO DO NEXT: To join the New Eastern Education campaign, go to https://rosenlegal.com/submit-form/?case_id=3117 or call Philip Kim, Esq toll-free by calling 866-767-3653 or emailing email@example.com or firstname.lastname@example.org for information on a class action lawsuit. A class action lawsuit has already been filed. If you want to act as the main plaintiff, you have to postpone the trial no later than April 5, 2022. The Chief Claimant is a representative who acts on behalf of other members of the class in the management of the litigation.
WHY ROSEN’S LAW: We encourage investors to choose a qualified advisor with experience in management positions. Often, firms that issue messages do not have comparative experience, resources, or any significant peer recognition. Many of these firms are not actually involved in class-based securities lawsuits, but are simply intermediaries who refer clients or collaborate with law firms that are actually handling cases. Be wise in choosing a lawyer. Rosen Law Firm represents the interests of investors around the world by focusing its practice in group securities grooves and shareholder derivatives courts. Rosen Law Firm has reached the largest-ever agreement on class-based securities lawsuits against a Chinese company. Rosen Law Firm ranked No. 1 in the ISS Securities Class Action Services rankings in the number of class-based securities lawsuits in 2017. The firm has been in the top 4 annually since 2013 and has received hundreds of millions of dollars for investors. Only in 2019 the firm was secured $ 438 million for investors. In 2020, the founding partner Lawrence Rosen was named by law360 titanium plaintiffs’ lawyers. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, defendants made false and / or misleading statements throughout the class and / or did not disclose that: (1) New Oriental Education’s revenue and operating growth was the result of deceptive marketing tactics and business abuses that violated Chinese rules and policies and put New Oriental education at extreme risk of imposing more draconian measures on the new Oriental education; (2) New Oriental Education has engaged in deceptive and fraudulent advertising practices, including providing false and misleading information about discounts designed to conceal the true value of New Oriental Education programs to its clients; (3) New Eastern education had a falsification of teacher qualifications and experience to increase the number of students; (4) The New Oriental Education has challenged previous government warnings against linking schooling to the provision of private tutoring services; (5) as a result, New Oriental Education was exposed to an extreme undisclosed risk of adverse law enforcement actions, regulatory fines and penalties, and the introduction of new rules and regulations unfavorable to the business and interests of New Oriental Education; (6) the new rules, regulations and policies to be implemented by the Chinese government after the parliamentary sessions of the two sessions were much stricter than those presented to investors by the accused, and in fact posed an existential threat to New Eastern education and its business; and (7) thus, the defendants’ positive statements about New Oriental Education’s business, activities, and prospects were materially erroneous and lacked a reasonable factual basis. When the true information appeared on the market, the lawsuit alleges that the investors suffered damage.
To join the New Eastern Education campaign, go to https://rosenlegal.com/submit-form/?case_id=3117 or call Philip Kim, Esq toll-free by calling 866-767-3653 or emailing email@example.com or firstname.lastname@example.org for information on a class action lawsuit.
No class has been certified. Until the class is certified, you will not be represented by a lawyer if you do not keep it. You can choose the lawyer of your choice. You can also remain an absent class member and do nothing at this time. The investor’s ability to participate in any potential future recovery does not depend on the fact that he acts as the lead plaintiff.
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Lawrence Rosen, Esq
Philip Kim, Esq
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th floor
New York, New York 10016
Tel: (212) 686-1060
Toll-free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Law Firm Rosen, Pennsylvania