IMPORTANT DEVRY EDUCATION GROUP SHAREHOLDER ALERT: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a class action lawsuit has been commenced on behalf of shareholders of DeVry Education Group -- DV

Upcoming Lead Plaintiff Deadline is July 12, 2016


NEW YORK, May 19, 2016 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the Northern  District of Illinois on behalf of  all persons or entities that purchased the common stock of DeVry Education Group, Inc. (“DeVry” or the “Company”) (NYSE:DV) between February 4, 2011 and January 27, 2016, inclusive (the  “Class  Period”).

Shareholders who have purchased DeVry Education Group within the defined class period and suffered substantial losses are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774.

If you purchased shares of DeVry Education Group and suffered a loss, you may request that the Court appoint you lead plaintiff of the proposed class no later than July 12, 2016.

The Complaint alleges that the defendants concealed from the investing public the true statistics relating to the efficacy of its education programs in relation to job placement of its students upon graduation.  As a  result of defendants’ alleged false and misleading  statements, the Company’s stock traded at artificially inflated prices during the Class Period.

On January 27, 2016, the Federal Trade Commission filed suit against  DeVry and  DeVry University accusing them of deceptively advertising the benefits of obtaining a  bachelor’s degree at DeVry University.  Also on January 27, 2016, the U.S. Department of Education issued DeVry University a Notice of Intent to Limit DeVry University’s participation in programs authorized pursuant to Title IV of the Higher Education Act of 1965.

After this news was released, shares of DeVry dropped over 15%, closing at $20.09 per share on January 27, 2016, on heavy trading volume.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein Adler Freeman & Herz LLP by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.  All e-mail correspondence should make reference to the “DeVry investigation.”

Attorney Advertising. Prior results do not guarantee or predict a similar outcome.

 


            

Contact Data