Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Be… – Press Release

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NEW YORK, March 06, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Electric Last Mile Solutions, Inc. (NASDAQ:ELMS), TAL Education Group (NYSE:TAL), New Oriental Education & Technology Group, Inc. (NYSE:EDU), and Biogen, Inc. (NASDAQ:BIIB). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Electric Last Mile Solutions, Inc. (NASDAQ:ELMS)

Class Period: March 31, 2021 – February 1, 2022

Lead Plaintiff Deadline: April 4, 2022

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) ELMS’s previously issued financial statements were false and unreliable; (2) ELMS’s earlier reported financial statements would need restatement; (3) certain ELMS executives and/or directors purchased equity in the Company at substantial discounts to market value without obtaining an independent valuation; (4) on November 25, 2021 (Thanksgiving), the Company’s Board formed an independent Special Committee to conduct an inquiry into certain sales of equity securities made by and to individuals associated with the Company; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

For more information on the Electric Last Mile class action go to: https://bespc.com/cases/ELMS

TAL Education Group (NYSE:TAL)

Class Period: April 26, 2018 – July 22, 2021

Lead Plaintiff Deadline: April 5, 2022

TAL provides K-12 after-school tutoring services in China.

The lawsuit alleges that defendants made false and misleading…

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