NEW YORK, Feb. 8, 2016 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of DeVry Education
Group Inc. ("DeVry" or the "Company") (NYSE: DV). Such
investors are advised to contact Robert S.
Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext.
9980.
The investigation concerns whether DeVry and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On January 27, 2016, the Federal
Trade Commission announced that it had filed suit against the
operators of DeVry University, alleging
that DeVry's advertisements deceived consumers about the likelihood
that students would find jobs in their fields of study and would
earn more than those graduating with bachelor's degrees from other
colleges or universities.
On this news, DeVry stock fell $3.65 per share, or 15.4%, to close at
$20.09 on January 27, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los
Angeles, and Florida, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late
Abraham L. Pomerantz, known as the
dean of the class action bar, the Pomerantz Firm pioneered the
field of securities class actions. Today, more than 70 years later,
the Pomerantz Firm continues in the tradition he established,
fighting for the rights of the victims of securities fraud,
breaches of fiduciary duty, and corporate misconduct. The Firm has
recovered numerous multimillion-dollar damages awards on behalf of
class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP