LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Grand Canyon Education, Inc. (“Grand Canyon” or the “Company”) (NASDAQ: LOPE) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On January 28, 2020, Citron Research published a report alleging, among other things, that Grand Canyon was improperly using a “captive, non-reporting subsidiary to hide its liabilities,” thereby “artificially inflat[ing] the [company’s] stock price.”
On this news, the Company’s share price fell $7.43, or over 8%, to close at $84.07 per share on January 28, 2020, thereby injuring investors.
If you purchased Grand Canyon securities, have information, or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Charles H. Linehan, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 at 310-201-9150, Toll-Free at 888-773-9224, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number, and the number of shares purchased.
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