NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky announces it has commenced an investigation of RYB Education, Inc. (NYSE:RYB) concerning possible violations of federal securities laws.
On November 24, 2017, media outlets reported that parents had accused a RYB Education nursery of drugging and abusing children. This same day, RYB Education issued a press release providing an “update on allegations of improper conduct toward children enrolled in a class at an RYB-operated kindergarten in Beijing,” stating that a police investigation was ongoing. Then on November 27, 2017, RYB Education announced that one “teacher at the RYB-operated kindergarten in question was detained as a criminal suspect for maltreatment of children in the facility, and the police investigation is continuing.” RYB Education further stated that it would dismiss the accused teacher, effective immediately. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
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Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
Source: Levi & Korsinsky, LLP