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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until July 13, 2020 to file lead plaintiff applications in a securities class action lawsuit against Grand Canyon Education, Inc. (NasdaqGS: LOPE).
Grand Canyon and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On January 28, 2020, following a series of prior negative revelations regarding the Company, Citron Research reported that, based on findings of the U.S. Department of Education and the Company’s own documentation obtained via an FOIA request, the Company was an “educational Enron” that used a “captive non-reporting subsidiary” to “dump expenses and liabilities, while receiving a disproportionate amount of revenue at inflated margins in order to artificially inflate the stock price.”
On this news, the price of Grand Canyon’s shares declined further, injuring investors.
If you purchased shares of Grand Canyon and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is The City of Hialeah Employees’ Retirement System v. Grand Canyon Education, Inc., No. 1:20-cv-00639.
Click here to read the first filed complaint.