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New Oriental Education & Technology Group EDU Securities Lawsuit

Company: New Oriental Education & Technology Group
Ticker Symbol: EDU
Class Period: Jul-21-09 to Jul-17-12
Date Filed: Aug-27-12
Lead Plaintiff Deadline: Oct-26-12
Court: Southern District of New York
Atlanta, GA: A securities class action lawsuit has been filed on behalf of investors who purchased American Depository Shares of New Oriental Education & Technology Group ("New Oriental" or the "Company") (NYSE: EDU) between July 21, 2009 and July 17, 2012 .

The lawsuit, which was filed in the United States District Court for the Southern District of New York, alleges that New Oriental failed to adequately disclose that a substantial number of its schools and learning centers were operated by franchisees and were not owned by the Company. Further, the lawsuit alleges, among other things, that New Oriental improperly consolidated certain earnings in its financial statements and otherwise overstated its financial results.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

New Oriental Education & Technology Group EDU Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible New Oriental Education & Technology Group securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.
Published on Aug-28-12


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