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Investigation announced for Investors in shares of Adtalem Global Education Inc. (NYSE: ATGE) over possible Violations of Securities Laws

02-22-2024 07:04 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Adtalem Global Education Inc. (NYSE: ATGE) shares over potential securities laws violations.

An investigation for investors in Adtalem Global Education Inc. (NYSE: ATGE) shares over potential securities laws violations.

An investigation was announced for investors of Adtalem Global Education Inc. (NYSE: ATGE) shares over potential securities laws violations by Adtalem Global Education Inc.

Investors who purchased shares of Adtalem Global Education Inc. (NYSE: ATGE), 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 a series of statements by Adtalem Global Education Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Chicago, IL based Adtalem Global Education Inc. provides workforce solutions worldwide. Adtalem Global Education Inc. reported that its Total Revenue rose from over $1.38 billion for the 12 months period that ended on June 30, 2022 to over $1.45 billion for the 12 months period that ended on June 30, 2023, and that its Net Income over those respective time periods declined from $310.99 million to $93.35 million.

On January 30, 2024, CNBC reported that short seller Fahmi Quadir of Safkhet Capital has a short position in Adtalem Global Education Inc. shares, and wrote that the Company is "a toxic byproduct of an imperfect higher education system." Quadir believes that the schools in Adtalem's portfolio are pushing students into untenable debt loads and stated, "We believe that Adtalem is completely uninvestable, the number of existential risks that exists today should cause alarm for any investor that's looking into this company."

Shares of Adtalem Global Education Inc. (NYSE: ATGE) declined from $61.62 per share on December 13, 2023 to as low as $43.78 per share on January 30, 2024.

Those who purchased shares of Adtalem Global Education Inc. (NYSE: ATGE) 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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