DeVry Education Group, Inc. Shareholder Alert: Former SEC Attorney Willie Briscoe & Powers Taylor Investigate Possible Breach...
May 26 2016 - 12:39PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the
securities litigation firm of Powers Taylor LLP announce that a
federal class action lawsuit has been filed against DeVry Education
Group, Inc. (“DeVry”) (NYSE: DV) and several officers and directors
for acts taken during the period of February 4, 2011 to January 27,
2016 (the “Class Period”).
Based upon the allegations in the class action, the firms are
investigating additional legal claims against the officers and
Board of Directors of DeVry. If you are an affected DeVry
shareholder and want to learn more about the lawsuit or join the
action, contact Willie Briscoe at The Briscoe Law Firm, PLLC via
email at shareholders@thebriscoelawfirm.com, Patrick Powers at
Powers Taylor LLP via email at shareholder@powerstaylor.com, or
call toll free at (877) 728-9607. There is no cost or fee to
you.
According to the complaint, the defendants are alleged to have
violated certain provisions of the Securities Exchange Act of 1934.
Specifically, the complaint alleges, among other things, that
defendants issued materially false and misleading statements and/or
failed to disclose that: (1) DeVry University engaged in a
multi-year deceptive marketing and advertising campaign; (2) DeVry
University overstated its students’ ability to find employment
after graduation; (3) DeVry University overstated the potential
income its students could earn after graduation; (4) DeVry
overstated its growth, revenue, and earnings potential by
concealing the true employment prospects of DeVry University
graduates to investors and potential students; and (5) as a result,
defendants’ statements about DeVry’s business, operations and
prospects were materially false and misleading and/or lacked a
reasonable basis at all relevant times. DeVry stock dropped
significantly when the true details entered the market.
The Briscoe Law Firm, PLLC is a full service business
litigation, commercial transaction, and public advocacy firm with
more than 20 years of experience in complex litigation and
transactional matters.
Powers Taylor LLP is a boutique litigation law firm that handles
a variety of complex business litigation matters, including claims
of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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version on businesswire.com: http://www.businesswire.com/news/home/20160526006175/en/
The Briscoe Law Firm, PLLCWillie Briscoe,
877-728-9607shareholders@thebriscoelawfirm.comorPowers Taylor
LLPPatrick Powers, 877-728-9607shareholder@powerstaylor.com
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