IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces an Investigation of New Oriental Education & Technology Group Inc. & Adv...
December 03 2016 - 11:52AM
Business Wire
Lundin Law PC (http://lundinlawpc.com/) announces that it is
investigating claims against New Oriental Education &
Technology Group Inc. (“New Oriental” or the “Company”) (NYSE: EDU)
concerning possible violations of federal securities laws.
To get more information about this investigation, please contact
Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via
email at brian@lundinlawpc.com.
Reuters published an article December 2, 2016 revealing
that New Oriental has been accused of engaging in college
application fraud. The article states “[e]ight former and
current New Oriental employees…told Reuters the firms have engaged
in college application fraud, including writing application essays
and teacher recommendations, and falsifying high school
transcripts.” The same day, Reuters released an update
claiming that due to its earlier report detailing academic fraud
allegations at New Oriental, the American International Recruitment
Council (“AIRC”) “will investigate the company in response to the
report”, and the AIRC’s president-elect called the allegations
“highly concerning.” When this information was released to the
public, the value of New Oriental fell sharply on December 2, 2016,
causing investors harm.
Lundin Law PC was created by Brian Lundin, a securities
litigator based in Los Angeles.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161203005052/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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