INVESTOR ALERT: Kirby McInerney LLP Continues Investigation of Shareholder Claims Against Grand Canyon Education, Inc.
NEW YORK--(BUSINESS WIRE)--Feb 7, 2020--
The law firm of Kirby McInerney LLP is investigating potential claims against Grand Canyon Education, Inc. (“Grand Canyon” or the “Company”) (NASDAQ: LOPE ). This investigation concerns whether Grand Canyon has violated federal securities laws and/or engaged in other unlawful business practices.
On January 28, 2020, the investment analyst Citron Research issued a short report on Grand Canyon Education entitled, “GCE, the Educational Enron.” The report alleges that Grand Canyon was violating the federal securities laws by using a “captive non-reporting subsidiary to hide liabilities” and “artificially inflate the [company’s] stock price.”
On this news, the price of Grand Canyon shares declined by $7.43, or 8.12%, to close at $84.07 per share on January 28, 2020.
If you acquired Grand Canyon securities, have information, or would like to learn more about these claims, please contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by email at firstname.lastname@example.org, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, and whistleblower litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: www.kmllp.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200207005544/en/
CONTACT: Kirby McInerney LLP
Thomas W. Elrod, Esq.
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: NEW YORK Kirby McInerney LLP
Copyright Business Wire 2020.
PUB: 02/07/2020 07:45 PM/DISC: 02/07/2020 07:45 PM