BOSTON, MA / ACCESSWIRE / April 9, 2020 / Thornton Law Firm LLP, a law firm that represents shareholders and investors in public companies, announces it is investigating potential claims arising under the federal securities laws on behalf of shareholders of TAL Education Group (TAL). Investors who have purchased shares of TAL Education and wish to learn more or discuss the issues surrounding the investigation are encouraged to contact the Thornton Law Firm's shareholder rights team at http://www.tenlaw.com/cases/TAL, by email at shareholder@tenlaw.com, or calling 617-531-3917.

FOR MORE INFORMATION: https://www.tenlaw.com/cases/TAL

TAL is a leading K-12 after-school tutoring services provider in China.

On April 7, TAL announced that there was certain employee wrongdoing discovered in the Company's routine internal auditing process. TAL discovered irregularities and violations of the Company's business conduct and internal control policies by an employee in the Company's newly introduced "Light Class" business. Upon such discovery, TAL immediately reported to the local police. The employee has been taken into custody by the local police.

Based upon the Company's routine internal audit, the Company suspects that the employee of question conspired with external vendors to wrongly inflate "Light Class" sales by forging contracts and other documentations. For the fiscal year 2020 ended February 29, 2020, "Light Class" sales accounted for approximately 3% to 4% of the Company's total estimated revenues.

TAL's publicly-traded securities have dropped this week since this news emerged.

Investors who have purchased shares of TAL Education and wish to learn more or discuss the issues surrounding the investigation are encouraged to contact the Thornton Law Firm's shareholder rights team at http://www.tenlaw.com/cases/TAL, by email at shareholder@tenlaw.com, or calling 617-531-3917.

FOR MORE INFORMATION: https://www.tenlaw.com/cases/TAL

Thornton Law Firm's securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

CONTACT:

Thornton Law Firm LLP
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Boston, MA 02111
www.tenlaw.com/cases/TAL

SOURCE: Thornton Law Firm LLP