TAL EDUCATION DEADLINE ALERT

Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against TAL Education Group and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against TAL Education Group (“TAL Education” or the “Company”) (NYSE: TAL) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired TAL Education securities between April 26, 2018 and July 22, 2021, both dates included, (the “Class Period”). Investors have until April 5, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Click here to participate in the action.

TAL provides K-12 after-school tutoring services in China.

The lawsuit alleges that defendants made false and misleading statements and failed to disclose that: (i) TAL’s revenue and operational growth was the result of deceptive marketing tactics and illicit business practices that flouted Chinese laws, regulations, and policies, and exposed TAL to an extreme risk that more draconian measures would be imposed on TAL; (ii) TAL had engaged in misleading and fraudulent advertising practices, including the provision of false and misleading discount information designed to obfuscate the true cost of TAL’s programs to its customers, the creation of fake customer reviews designed to fraudulently lure new customers to TAL programs, the misrepresentation of teacher qualifications and course qualities, and the marketing of rigged promotional events; (iii) TAL had defied Chinese policies designed to alleviate the burden imposed by tutoring services on students and their families, including by imposing hefty advances and recurring debt payments on course enrollees, by offering courses designed to give affluent students unfair advantages, by holding courses outside of allowable tutoring hours, and by linking for-profit courses to government-mandated schooling; (iv) as a result, TAL 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 TAL’s business and financial interests; and (v) consequently, TAL’s historical growth was not sustainable or the result of legitimate business tactics as represented, and defendants’ positive statements about TAL’s business, operations, and prospects were materially false and misleading and lacked a reasonable factual basis.