Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of New Oriental Education & Technology Group Inc (NYSE: EDU) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of New Oriental Education & Technology Group Inc (NYSE: EDU) concerning whether a series of statements by New Oriental Education & Technology Group Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On December 2, 2016, an article releases by Reuters revealed that New Oriental Education & Technology Group, had been accused of engaging in college application fraud.
Following this news, NYSE: EDU fell from $48.99 per share on December 1, 2016 to a closing price of $42.00 on December 2, 2016.
Based in Beijing, the Peoples Republic of China, and founded in 1993 New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the Peoples Republic of China.
If you purchased shares of New Oriental Education & Technology Group Inc (NYSE: EDU) on or before December 2, 2016, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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