Robbins Arroyo LLP Is Investigating the Officers and Directors of DeVry Education Group, Inc. (DV) on Behalf of Shareholders
Robbins Arroyo LLP is investigating whether certain officers and directors of DeVry Education Group, Inc. (NYSE: DV) violated federal securities laws by issuing materially misleading business information to the investing public. DeVry provides educational services worldwide.
DeVry Education Group Is Sued by the U.S. Federal Trade Commission
On January 27, 2016, the U.S. Federal Trade Commission (“FTC”) announced that it had filed a lawsuit against DeVry University alleging the company deceived students about the prospect that they would find employment. The FTC alleged that DeVry ran false television and online advertisements about the employment success and earnings of its graduates. Specifically, the FTC accused the school of being deceptive by representing that 90% of DeVry graduates found work in their field of study within six months of graduation, and that DeVry’s graduates would earn more than those who complete bachelor’s degrees from other colleges or universities. On this news, DeVry stock fell nearly 20% to close at $20.09 per share on January 27, 2016.
DeVry Education Group Shareholders Have Legal Options
Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.
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