Securities fraud litigation history and active cases
In Litigation
1
Settlement
0
Closed
1
Total Settlement
$3.15M
1:22cv1014 • February 4, 2022
Class Period Start
April 24, 2018
Class Period End
July 25, 2021
PSLRA Deadline
April 5, 2022
Case Allegations
10b5
Statutes of Repose
Apr 24, 2021
Country
United States
Court
Federal Court
Mar 28, 2023
After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.
Dec 9, 2022
A new complaint has been filed on behalf of certain investors in New Oriental Education & Technology Group Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
Sep 2, 2022
A new complaint has been filed on behalf of certain investors in New Oriental Education & Technology Group Inc.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.
May 13, 2022
The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.
Mar 4, 2022
Another plaintiff has filed a complaint on behalf of investors in New Oriental Education & Technology Group Inc.. The allegations and class definitions are substantively the same.
2:16cv9279 • December 15, 2016
Class Period Start
September 27, 2016
Class Period End
March 1, 2017
PSLRA Deadline
February 13, 2017
Case Allegations
10b5
Statutes of Repose
Sep 27, 2019
Country
United States
Court
Federal Court
Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.
Claim Deadline
October 26, 2021
Settlement Fund
$3,150,000
Settlement Status
Disbursed
Settlement Class
All persons or entities that purchased or otherwise acquired American Depositary Shares (“ADSs”) of New Oriental Education and Technology Group Inc. (“New Oriental” or the “Company”) between September 28, 2016 and December 1, 2016, both dates inclusive.
Claim Administrator
Strategic Claims Services
New Oriental Securities Litigation
c/o Strategic Claims Services
600 N. Jackson St., Suite 205
P.O. Box 230 Media, PA 19063
+1 866-274-4004
[email protected]
Settlement Website
https://www.strategicclaims.net/new-oriental/Hearing Date
September 28, 2021
Opt-out Deadline
September 28, 2021
Settlement Note
Download hereProof Of Claim
Download here
Jun 29, 2023
Disbursement Approved
The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.
Oct 20, 2021
Final Approval of Settlement
The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.
Jun 4, 2021
Preliminary Approval of Settlement
The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.
Jun 4, 2021
Proof of Claim Form
To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.
Sep 17, 2019
Scheduling Order
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