Lawsuit for Investors in shares of DeVry Education Group Inc (NYSE:DV) announced by Shareholders Foundation
October 19 2016 - 9:45AM
The Shareholders Foundation, Inc. announces that a lawsuit is
pending in Illinois on behalf of certain purchasers of shares of
DeVry Education Group Inc (NYSE:DV) over alleged Securities Laws
Violations by DeVry Education Group. The lawsuit seeks to recover
damages for certain NYSE:DV investors.
Investors who purchased shares of DeVry Education Group Inc
(NYSE:DV) in 2011 or earlier and continue to hold any of those
NYSE:DV have certain options and should contact the Shareholders
Foundation at mail@shareholdersfoundation.com or call +1(858) 779 -
1554.
The plaintiff alleges that the defendants made false and/or
misleading statements and/or failed to disclose, among other
things, that DeVry University engaged in a multi-year deceptive
marketing and advertising campaign, that DeVry University
overstated its students' ability to find employment after
graduation, that DeVry University overstated the potential income
its students could earn after graduation, and that as a result,
DeVry overstated its growth, revenue, and earnings potential by
concealing the true employment prospects of DeVry University
graduates to investors and potential students.
On January 27, 2016, it was revealed that The U.S. Federal Trade
Commission (“FTC”) filed a lawsuit against DeVry University,
alleging the company deceived students about the prospect that they
would find work. The FTC has accused the school of being deceptive
in saying that 90 percent of DeVry graduates found work in their
field within six months of graduation.
Those who purchased shares of DeVry Education Group Inc
(NYSE:DV) in 2011 or earlier and continue to hold any of those
NYSE:DV should contact the Shareholders Foundation, Inc. by e-mail
at mail@shareholdersfoundation.com or call +1 (858)
779-1554.
The Shareholders Foundation, Inc. is a professional portfolio
legal monitoring and a settlement claim filing service, which does
research related to shareholder issues and informs investors of
securities class actions, settlements, judgments, and other legal
related news to the stock/financial market. The Shareholders
Foundation, Inc. is not a law firm. The information is provided as
a public service. It is not intended as legal advice and should not
be relied upon.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
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