Press release
Investigation announced for Investors who lost money with shares of Grand Canyon Education, Inc. (NASDAQ: LOPE)
An investigation for investors in Grand Canyon Education, Inc. (NASDAQ: LOPE) shares over potential securities laws violations by
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 possible claims on behalf of purchasers of the securities of Grand Canyon Education, Inc. (NASDAQ: LOPE) concerning whether a series of statements by Grand Canyon Education, Inc. (NASDAQ: LOPE 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 to colleges and universities in the United States. Grand Canyon Education, Inc. reported that its annual Total Revenue rose from $896.56 million in 2021 to $911.3 million in 2022, and that its Net Income declined from $260.34 million in 2021 to $184.67 million in 2022.
On December 27, 2023, the U.S. Federal Trade Commission ("FTC") announced they had sued Grand Canyon Education, Inc, Grand Canyon Education's affiliated university partner, Grand Canyon University ("GCU"), as well as Brian Mueller, GCU's president and Grand Canyon Education, Inc's Chief Executive Officer, for deceptive advertising, violating the FTC's telemarketing sales rule, and for falsely marketing GCU as a nonprofit entity.
Shares of Grand Canyon Education, Inc. (NASDAQ: LOPE) declined from $144.94 per share on December 27, 2023, to $121.82 per share during January 08, 2024.
Those who purchased shares of Grand Canyon Education, Inc. (NASDAQ: LOPE) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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