NEW YORK, Dec. 7, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of New Oriental Education & Technology Group Inc.("New Oriental" or the "Company") (NYSE: EDU). Such investors can obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/edu.
The investigation concerns whether New Oriental and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On December 2, 2016, Reuters reported that New Oriental has been accused of college application fraud. The report describes how Reuters engaged in "writing application essays and teacher recommendations, and falsifying high school transcripts." Reuters also said that the American International Recruitment Council (AIRC) "will investigate the company in response to the report," and that the AIRC's president-elect said the allegations were "highly concerning." Following this news, New Oriental stock dropped $6.99 per share, or 14.27%, to close at $42.00 on December 2, 2016.
If you are aware of any facts relating to this investigation, or purchased New Oriental shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/edu. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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