NEW YORK, April 2, 2015 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE
ACQUIRED AMERICAN DEPOSITORY SHARES OF BRIDGEPOINT EDUCATION,
INC. (NYSE: BPI) BETWEEN AUGUST 7,
2012 AND MAY 30,
2014.
YOU ARE HEREBY NOTIFIED that a securities class action
lawsuit has been commenced in the United States District Court for
the Southern District of California. If you purchased or otherwise
acquired Bridgepoint American Depository Shares between
August 7, 2012 and May 30, 2014, YOUR RIGHTS MAY BE
AFFECTED BY THIS ACTION.
To get more information, click here:
http://zlk.9nl.com/bpi-infosheet. There is no cost or
obligation to you.
The complaint alleges that the Company made false and/or
misleading statements and/or failed to disclose that: (a) the
Company had applied an improper revenue recognition methodology to
assess collectability of funds owed by students; (b) as a result,
the Company's revenues and financial results were overstated; (c)
the Company's financial statements were not prepared in accordance
with Generally Accepted Accounting Principles (GAAP); and (d) the
Company lacked adequate internal and financial controls.
If you suffered a loss in Bridgepoint you have until
April 27, 2015 to request that
the Court appoint you as lead plaintiff. Your ability to share in
any recovery doesn't require that you serve as a lead plaintiff. To
obtain additional information, contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://zlk.9nl.com/bpi-infosheet.
Levi & Korsinsky is a national firm with offices in
New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
Logo -
http://photos.prnewswire.com/prnh/20120409/MM84375LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-levi--korsinsky-llp-reminds-shareholders-of-bridgepoint-education-inc-of-pendency-of-class-action-lawsuit-and-a-lead-plaintiff-deadline-of-april-27-2015--bpi-300060471.html
SOURCE Levi & Korsinsky, LLP