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TEDU.US

id: 829

Tarena (TEDU) $3.5M Investor Settlement

The settlement funds have been distributed to claimants.

$3,500,000

Cash Settlement

E.D. New York

Court

1:21-cv-03502

Case number

08/16/2016

Class period Start

11/01/2019

Class period End

12/28/2023

Claim deadline

Tarena (TEDU) pays $3.5 million to investors to end litigation over interfering with external audits of $TEDU financial statements for certain periods.

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management,

Service Provider

Security Type

Depository Securities (ADS, ADR, GDR)

Trade Direction

Long

Payout per Share

0.08

Filing date

06/22/2021

Plaintiffs

Walter De Schutter, Steven Clauter, Cynthia Lewis, Yili Qiu

Attorneys

The Rosen Law Firm, P.A. (New York, NY)

Defendants

Shaoyun Han, Yuduo Yang

Judge

Hon. Pamela K. Chen

Administrator

Strategic Claims Services

Settlement agreement date

2023-08-18

Court hearing date

01/18/2024

Exclusion deadline

12/28/2023

Objection deadline

12/28/2023

Hearing deadline

12/28/2023

Trades matching type

FIFO

Disbursement date

09/30/2024

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