NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Grand Canyon Education, Inc. (“GCE” or the “Company”) (NASDAQ: LOPE). The investigation concerns whether GCE and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On December 27, 2023, it was revealed that the U.S. Federal Trade Commission (“FTC”) had sued GCE-affiliated university partner, Grand Canyon University (“GCU”), as well as GCU’s president, for deceptive advertising and for falsely marketing GCU as a nonprofit entity, in violation of the FTC’s Telemarketing Sales Rule and Federal Trade Commission Act, respectively. On this news, the price of GCE shares declined by $9.00 per share, or approximately 6.36%, from $141.56 per share to close at $132.56 on December 28, 2023.
If you purchased or otherwise acquired GCE securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: https://www.kmllp.com.
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