Robbins Arroyo LLP Is Investigating the Officers and Directors of DeVry Education Group, Inc. (DV) on Behalf of Shareholders
February 03 2016 - 2:22PM
Business Wire
Shareholder rights law firm 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.
View this press release on the law firm's Shareholder Rights
Blog:
www.robbinsarroyo.com/shareholders-rights-blog/devry-education-group-inc
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, DDonahue@robbinsarroyo.com, or via the
shareholder information form on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
shareholder rights law. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits, and has helped its clients realize more than
$1 billion of value for themselves and the companies in which they
have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160203006395/en/
Robbins Arroyo LLPDarnell R. Donahue(619) 525-3990 or Toll Free
(800) 350-6003DDonahue@robbinsarroyo.comwww.robbinsarroyo.com
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