A securities class action has been filed against Tarena International, Inc. (TEDU) on behalf of persons or entities who purchased or otherwise acquired publicly traded Tarena securities between August 16, 2016 through November 1, 2019.  This case has been filed in the USDC – E.D.N.Y.

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The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) certain employees were interfering with external audits of Tarena’s financial statements for certain periods; (2) Tarena suffered from revenue and expense inaccuracies; (3) Tarena engaged in business transactions with organizations owned, invested in or controlled by Tarena employees or their family members, which in some instances were not properly disclosed by Tarena; (4) as a result of the foregoing, Tarena’s financial statements from 2014 through the end of Class Period were not accurate; 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.