Core Viewpoint - A class action has been filed against China Liberal Education Holdings Ltd. for allegedly participating in a fraudulent pump-and-dump scheme that harmed investors by over $300 million [1][3]. Allegations - China Liberal Education Holdings Ltd. is accused of coordinating with scammers to manipulate the company's stock price through illegal means, including advertisements on social media platforms like Facebook and Instagram [2]. - Victims were recruited into WhatsApp groups where scammers posed as financial advisors, encouraging them to buy manipulated securities, allowing co-conspirators to sell at inflated prices [2]. Market Impact - The fraud was revealed on January 30, 2025, leading to an immediate collapse in the stock price, resulting in significant financial losses for investors [3]. Legal Proceedings - Shareholders interested in serving as lead plaintiffs in the class action have until March 31, 2026, to file their papers with the court [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Company Background - Robbins LLP is a law firm specializing in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].
CLEUF Class Action Notice: Robbins LLP Reminds Investors of the Lead Deadline in the China Liberal Education Holdings Ltd. Class Action
Globenewswire·2026-02-09 20:22