LOS ANGELES--(EON: Enhanced Online News)--Goldberg Law PC announces that it is investigating New Oriental Education & Technology Group Inc. (“New Oriental” or the “Company”) (NYSE: EDU) concerning possible violations of federal securities laws.
“[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.”
If you purchased or otherwise acquired New Oriental shares and would like more information regarding the investigation, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
On December 2, 2016, an article was published by Reuters disclosing that New Oriental has been accused of participating in college application fraud. According to the article, “[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 published an update revealing that due to its earlier report detailing academic fraud allegations at New Oriental, the American International Recruitment Council (“AIRC”) stated that it “will investigate the company in response to the report”, and the AIRC’s president-elect referred to the allegations as “highly concerning.” When this information was revealed to the public, the value of New Oriental fell sharply on December 2, 2016, causing investors severe harm.
If you have any questions concerning your legal rights, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at email@example.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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