SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Files Class Action Suit Against Capella Education Company

WILMINGTON, Del., Dec. 20, 2017 -- Rigrodsky & Long, P.A.:

Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Minnesota on behalf of holders of Capella Education Company (“Capella”) (Nasdaq:CPLA) common stock in connection with the proposed acquisition of Capella by Strayer Education, Inc. and its affiliate (“Strayer”) announced on October 30, 2017 (the “Complaint”).  The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Capella, its Board of Directors (the “Board”), and Strayer, is captioned Franchi v. Capella Education Company, Case No. 0:17-cv-05288 (D. Minn.).

If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff’s counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, by e-mail at [email protected], or at http://rigrodskylong.com/contact-us/. 

On October 29, 2017, Capella entered into an agreement and plan of merger (the “Merger Agreement”) with Strayer.  Pursuant to the terms of the Merger Agreement, shareholders of Capella will receive 0.875 shares of Strayer common stock for each share of Capella they own (the “Proposed Transaction”).

Among other things, the Complaint alleges that, in an attempt to secure shareholder support for the Proposed Transaction, defendants issued materially incomplete disclosures in a Form S-4 Registration Statement (the “Registration Statement”) filed with the United States Securities and Exchange Commission.  The Complaint alleges that the Registration Statement omits material information with respect to Capella’s and Strayer’s financial projections, the analyses performed by Capella’s financial advisor, and potential conflicts of interest.  The Complaint seeks injunctive and equitable relief and damages on behalf of holders of Capella common stock. 

If you wish to serve as lead plaintiff, you must move the Court no later than February 19, 2018.  A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.  Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
[email protected]
http://www.rigrodskylong.com