LOS ANGELES, May 11, 2023 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against TAL Education Group ("TAL" or the "Company") (NYSE: TAL).

Class Period: June 14, 2022 – March 14, 2023
Lead Plaintiff Deadline: May 30, 2023

If you are a shareholder who suffered a loss, click here to participate.

On March 14, 2023, an article was published on Seeking Alpha that alleged, among other things, that TAL's subsidiary, Xueersi, had offered courses that "run counter to conventions put in place by Xi Jinping's Common Prosperity drive." Specifically, courses in mathematics and English, which are considered core subjects and must be offered as a strictly non-profit business, were restarted "under the guise of permitted tutoring outside of core subjects."

On this news, TAL's stock price fell $0.91, or 13.4%, over two consecutive trading days, to close at $5.89 per ADS on March 15, 2023, thereby injuring investors.

The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) the Company was still providing K9 Academic AST Services; and (2) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

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To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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SOURCE The Law Offices of Frank R. Cruz, Los Angeles