NEW YORK, Nov. 27, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of RYB Education, Inc.("RYB" or the "Company") (NYSE: RYB). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/ryb.
The investigation concerns whether RYB and certain of its officers and/or directors have violated Federal Securities Laws.
On November 24, 2017, several news sources reported that police began investigating RYB Education after parents alleged the school nursery of drugging and molesting their children. Beijing's education authority confirmed the police investigation in a statement and according to Xinhua, RYB Education has suspended several teachers at RYB Education New World after kindergarten students claimed that they had been given unidentified pills and brown syrup, forced to undress and locked in a dark room. Parents have reported that at least eight children have been abused at the school and that the students have given similar statements of what happened. Following this news, RYB Education stock dropped $10.28 per share or over 38% to close at $16.45 per share on November 24, 2017.
If you are aware of any facts relating to this investigation, or purchased RYB shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/ryb. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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