LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased DeVry Education Group Inc. (“DeVry” or the “Company”) (NYSE: DV) securities between February 4, 2011 and January 27, 2016, inclusive (the “Class Period”). DeVry investors have until July 12, 2016 to file a lead plaintiff motion.
Investors who have suffered losses on their DeVry investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights in this class action at 310-201-9150 or by email to email@example.com.
According to the lawsuit, the defendants, throughout the Class Period, issued false and misleading statements to investors and/or failed to disclose that: (1) DeVry engaged in a multi-year deceptive marketing and advertising campaign; (2) DeVry overstated its students’ ability to find employment after graduation; (3) DeVry 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 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
If you purchased shares of DeVry during the Class Period you may move the Court no later than July 12, 2016 to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Casey Sadler, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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