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New Oriental shareholders have an opportunity to recover their investment losses.

Click "Join this Class Action" above.

Attorneys

New Oriental Education & Technology Group Inc.

Rosen Law Firm, a global investor rights law firm, has filed a class action lawsuit on behalf of purchasers of New Oriental Education & Technology Group Inc. American Depositary Shares (NYSE: EDU) from September 27, 2016 through December 1, 2016. The lawsuit seeks recovery of investor losses. 

If you purchased shares of New Oriental from September 27, 2016 through December 1, 2016 and would like to join the action, please click "Join This Class Action" above.

Press Release

INVESTOR LOSS ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against New Oriental Education & Technology Group Inc. - EDU

New York, N.Y., December 15, 2016. Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of New Oriental Education & Technology Group Inc. American Depositary Shares (NYSE: EDU) from September 27, 2016 through December 1, 2016, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for New Oriental investors under the federal securities laws.

To join the New Oriental class action, go to http://www.rosenlegal.com/cases-1007.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) New Oriental engaged in college application fraud; and (2) as a result, Defendants’ statements about New Oriental’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. On December 2, 2016, Reuters reported that eight former and current New Oriental employees informed Reuters that New Oriental “engaged in college application fraud, including writing application essays and teacher recommendations, and falsifying high school transcripts.” On this news, shares of New Oriental fell $6.99 per share or over 14% from its previous closing price to close at $42.00 per share on December 2, 2016, damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 13, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1007.html  or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      Kevin Chan, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 34th Floor
      New York, NY  10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      lrosen@rosenlegal.com
      pkim@rosenlegal.com
      kchan@rosenlegal.com
      www.rosenlegal.com