The Newsroom

Investigations  /  11.27.2018

Shareholder Investigation of RYB Education

RYB Education, Inc. (RYB) Accused of Subjecting Children to Unsafe Conditions

According to the complaint against the company’s officers and directors for alleged violations of the Securities Exchange Act of 1933 pursuant to the company’s September 2017 initial public offering (“IPO”), RYB Education, Inc. (RYB) offered 5.5 million American Depositary Shares (“ADSs”) at a price of $18.50, raising $90.1 million in net proceeds. RYB’s registration statement touted the company’s “high standards in selecting, certifying and training” its teaching staff and the “stringent” vetting process that each teaching candidate must complete before becoming an RYB teacher. However, RYB employed uncertified teachers and the company’s surveillance technology was not adequately implemented or monitored at several of its learning centers. On November 24, 2017, Reuters reported that Chinese police were investigating claims of sexual molestation and needle marks on children at an RYB kindergarten in Beijing. RYB’s ADS price plummeted on this news, and currently trades at 55% below the IPO price.

RYB Education, Inc. (RYB) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can please send us a message via the Shareholder InformationĀ form below.

Shareholder Information

  • Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

How can we help you?

CONTACT US TODAY | 1-800-350-6003 or info@robbinsarroyo.com

Tell us your concerns