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Investigation announced for Investors in shares of Grand Canyon Education, Inc. (NASDAQ: LOPE)

02-05-2020 04:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Grand Canyon Education, Inc. (NASDAQ: LOPE) shares over potential securities laws violations.

An investigation for investors in Grand Canyon Education, Inc. (NASDAQ: LOPE) shares over potential securities laws violations.

An investigation was announced concerning possible violations of securities laws by Grand Canyon Education, Inc. in connection with certain financial statements.

Investors who purchased shares of Grand Canyon Education, Inc. (NASDAQ: LOPE), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether certain statements by Grand Canyon Education, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Phoenix, AZ based Grand Canyon Education, Inc. provides education services in the United States. Grand Canyon Education, Inc. reported that its annual Total Revenue declined from $974.13 million in 2017 to $845.5 million in 2018 and that its Net Income increased from $203.31 million in 2017 to $229.01 million in 2018.

On January 28, 2020, a report was published entitled "The Educational Enron" wherein a series of alarming red flags about Grand Canyon Education, Inc ("GCU") were detailed. Specifically, the report stated that "GCU has become a vehicle for the LOPE executives to commit securities fraud and obfuscate the true financials of Grand Canyon Education." The report further stated, "LOPE is in clear violation of SEC rule 10b-5 as they use the private university to dump expenses and liabilities, while receiving a disproportionate amount of revenue at inflated margins in order to artificially inflate the stock price."

Shares of Grand Canyon Education, Inc. (NASDAQ: LOPE) declined from $132.12 per share in August 2019 to as low as $77.81 per share on January 31, 2020.

On February 4, 2020, NASDAQ: LOPE shares closed at $76.97 per share.

Those who purchased shares of Grand Canyon Education, Inc. (NASDAQ: LOPE) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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