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 announced by Shareholders Foundation - EconoTimes)
SAN DIEGO, Oct. 19, 2016 -- 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 [email protected] 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 [email protected] 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 [email protected] 3111 Camino Del Rio North Suite 423 San Diego, CA 92108
