LOS ANGELES, April 28, 2023 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of what’s to come May 30, 2023 Deadline for filing a motion by lead plaintiff in the class action lawsuit filed on behalf of investors who have purchased or otherwise acquired TAL Education Group (“TAL” or the “Company”) VALLEY American Depository Shares (“ADSs”) between June 14, 2022 and March 14, 2023inclusive (the “Class Period”).

If you have suffered a loss on your TAL investments or would like to inquire about potential claims to recover your loss under federal securities laws, you may submit your contact information at www.glancylaw.com/cases/TAL-Education-Group-1/. You can also contact GPM’s Charles H. Linehan at 310-201-9150, toll free at 888-773-9224, or email at shareholders@glancylaw.com to learn more about your rights.

On March 14, 2023, an article was published on Seeking Alpha alleging, among other things, that TAL’s subsidiary Xueersi offered courses that “contrary to the conventions instituted by Xi Jinping’s Common Prosperity Drive.” Specifically, the courses in mathematics and English, which are considered core subjects and must be offered as a purely non-profit operation, were resumed “under the guise of permitted tutoring outside of the core subjects”.

As a result of this news, TAL’s share price fell $0.91, or 13.4%, for two consecutive trading days to close at $5.89 per ADS on March 15, 2023, hurting investors.

The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, defendants failed to disclose to investors that: (1) the company was still providing K9 Academic AST services; and (2) as a result, the defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a…