Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Grand Canyon Education, Inc. (“GCE” or “the Company”) (NASDAQ: LOPE). Investors who purchased GCE securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether GCE has violated federal securities laws.
Investigation Details:
On December 27, 2023, multiple news outlets reported that the U.S. Federal Trade Commission (“FTC”) had sued the Company’s affiliated university partner, Grand Canyon University (“GCU”), as well as GCU’s president, for deceptive advertising, violating the FTC’s telemarketing sales rule, and for falsely marketing GCU as a nonprofit entity. On this news, GCE’s stock price fell $9.00 per share, or 6.36%, to close at $132.56 per share on December 28, 2023.
What’s Next?
If you are aware of any facts relating to this investigation or purchased GCE securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”