Bridgepoint Education, Inc.
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Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Bridgepoint Education, Inc. (NYSE: BPI) from March 8, 2016 through March 7, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Bridgepoint investors under the federal securities laws.
If you bought Bridgepoint securities between March 8, 2016 and March 7, 2019 and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against Bridgepoint Education, Inc. – BPI
New York, N.Y., March 12, 2019. Zhang Investor Law announces the filing of a class action lawsuit on behalf of shareholders who bought shares of Bridgepoint Education, Inc. (NYSE: BPI) from March 8, 2016 through March 7, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Bridgepoint investors under the federal securities laws.
To join the Bridgepoint class action, go to http://zhanginvestorlaw.com/cases/bridgepoint-education-inc/ or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email firstname.lastname@example.org for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Bridgepoint’s processes for recording revenue for its Corporate Full Tuition Grant program were inaccurate; (2) Bridgepoint maintained deficient internal controls; (3) due to the foregoing deficiencies, Bridgepoint was prone to and did commit material accounting errors related to revenue, provision for bad debts, accounts receivable and deferred revenue, which resulted in the overstatement of revenue and expenses; and (4) as a result, Bridgepoint’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 10, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/bridgepoint-education-inc/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at email@example.com.
Zhang Investor Law represents investors worldwide.