NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Grand Canyon Education, Inc. (NASDAQ: LOPE) on behalf of long-term stockholders. Our investigation concerns whether the board of directors of Grand Canyon have breached their fiduciary duties to the company.
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 its liabilities … and artificially inflated the [company’s] stock price.”
On this news, Grand Canyon’s share price dropped $7.43 per share, or over 8%, to close at $84.07 per share on January 28, 2020.
If you are a long-term stockholder of Grand Canyon, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
