RYB Education Inc
6 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
|Company Name:||RYB Education Inc|
|Stock Symbol :||NYSE:RYB|
|Class Period Start:||09/27/2017|
|Class Period End:||11/22/2017|
|Lead Plaintiff motion:||01/26/2018|
|Type of Case:||Securities Class Action|
|Court:||U.S. District Court for the Southern District of New York|
Thieler Law Corp advises investors with losses exceeding $100,000 of the January 26, 2018 lead plaintiff deadline in a class action lawsuit filed against RYB Education Inc (NYSE:RYB) (“RYB” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased RYB Education Inc securities pursuant to the September 27, 2017 IPO or between September 27, 2017 and November 22, 2017, have until January 26, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.
If you purchased RYB Education Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing firstname.lastname@example.org . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.
The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that RYB failed to establish safety policies to prevent sexual abuse from occurring at its schools; RYB’s failure to remedy problems within its system exposed children to harm and unreasonable risk of harm while in the Company’s care; and as a result of the foregoing, RYB securities traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.
On November 24, 2017, various news outlets reported that parents had accused a RYB nursery of drugging, molesting and abusing children.
On November 27, 2017, the Company revealed that one “teacher at the RYB-operated kindergarten in question was detained as a criminal suspect for maltreatment of children in the facility….”
On this news, RYB's ADR price fell $10.28 per share or over 38% from its previous closing price, to close at $16.45 per share on November 24, 2017.
If you were negatively impacted by your investment in RYB Education Inc securities pursuant to the September 27, 2017 IPO or between September 27, 2017 and November 22, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.
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Thieler Law Corp
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