According to the Complaint, TAL Education Group is an education and technology enterprise in China. The Company provides after-school tutoring programs for primary and secondary school students in the People’s Republic of China. TAL offers comprehensive tutoring services to K-12 students covering core academic subjects, including others, mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese, as well as, through its Mobby tutoring services, young learners tutoring services for students aged three through eight.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) the Company was still providing K9 Academic AST Services against government policy; and (2) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

On August 17, 2023, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on October 16. Defendants filed a Motion to Dismiss the amended Complaint on December 15, 2023. On December 17, 2024, the Court issued an Order denying the Company Issuer's Motion to Dismiss. Two of the individual Defendants were dismissed by the Court's Order. Plaintiffs consented to voluntarily dismiss the third individual Defendant.