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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161203005052/en/