November 08, 2023
A New York federal judge on Wednesday adopted a recommendation to toss a suit from investors in a China-based private education company over the country's 2021 ban on private tutoring, ruling that the investors were adequately warned of such regulatory risks.
July 21, 2023
A federal magistrate judge has recommended the dismissal of a shareholder suit against a private education company in China after Chinese authorities effectively shut down private tutors through education reforms in 2021, saying the company properly warned investors about the risks of Chinese regulations.