Amber Education encounters a class action in the United States is accused of publishing false information

Beijing time August 3 Morning news, the United States law firm Glancy Binkow & Goldberg LLP announced in Thursday, has been on behalf of May 18, 2011 to May 16, 2012 (That is, "collective action Period") purchased the amber Education (Nyse:ambo) All the individuals and entities holding shares in the United States launched a class action lawsuit against Amber Education in the District Court of Central California. Glancy Binkow & Goldberg LLP said in the indictment that the amber education and some of the company's executives violated U.S. federal securities law regulations, causing losses to investors, and should be compensated. The law firm alleges that the amber education issued false or misleading information during the class-action period, and did not disclose important negative facts about the future of Amber's education business, operations and performance. Specifically, the plaintiff accused the defendant of failing to disclose the following information: (1) The publishers of certain amber Education have always paid very little on time; (2) Consequently, the receipt of receivables from such distributors is not effectively guaranteed; 3 as a result, the way in which Amber Education calculates revenue in product sales for these distributors is not appropriate; 4) Amber Education does not properly state certain commercial acquisitions; 5 for the above reasons, the financial report of the Amber education is misleading during the period of the collective action; 6. The lack of effective control over internal management and finance in amber education; 7 In view of this, the education financial statements and financial performance of the amber are false and misleading in all relevant time.