Glancy Prongay & Murray Investigates Claims on Behalf of DeVry Education Group Inc. Investors
February 05 2016 - 11:05AM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) is investigating
potential claims on behalf of investors of DeVry Education Group
Inc. ("DeVry" or the "Company") (NYSE: DV) concerning the Company
and its officers’ possible violations of federal securities
laws.
On Wednesday, January 27, 2016, the U.S. Federal Trade
Commission (“FTC”) filed a lawsuit against DeVry University,
accusing the company of deceiving students about the likelihood
that they would be able to find work upon graduation. The FTC has
accused DeVry of being deceitful through its claim that 90 percent
of DeVry graduates found work in their field within six months of
graduation. On this news, shares of DeVry fell approximately 20% in
mid-morning trading on January 27, 2016.
Update: On Thursday, February 4, 2016, DeVry reported a fiscal
second-quarter loss of $50.6 million, after reporting a profit in
the same period a year earlier. On this news the Company’s shares
fell $2.31 per share, or over 10%, during intraday trading on
February 5, 2016.
If you purchased DeVry securities, have information or would
like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Lesley Portnoy, Esquire,
of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California
90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to
shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email please include
your mailing address, telephone number and number of shares
purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160205005586/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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