NEW YORK, Feb. 20, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Grand Canyon Education, Inc. (“Grand Canyon” or the “Company”) (NASDAQ: LOPE). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Grand Canyon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On January 28, 2020, the investment analyst Citron Research (“Citron”) issued a report on Grand Canyon Education entitled “GCE, the Educational Enron.” The Citron report alleged that Grand Canyon was improperly using a “captive, non-reporting subsidiary to hide its liabilities,” thereby “artificially inflat[ing] the [company’s] stock price.” On this news, Grand Canyon’s stock price fell sharply during intraday trading on January 28, 2020.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby