NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney
General of Louisiana, Charles C. Foti, Jr., remind investors with losses
in excess of $100,000 that they have only until May
10, 2019 to file lead plaintiff applications in a
securities class action lawsuit against Bridgepoint Education, Inc.
(NYSE: BPI). Investor losses must relate to purchases of the Company’s
securities between March 8, 2016 and March 7, 2019. This action is
pending in the United States District Court for the Southern District of
California.
What You May Do
If you purchased securities of Bridgepoint and would like to discuss
your legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost to
you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850
or via email ([email protected]),
or visit https://www.ksfcounsel.com/cases/nyse-bpi/
to learn more. If you wish to serve as a lead plaintiff in this class
action by overseeing lead counsel with the goal of obtaining a fair and
just resolution, you must request this position by application to the
Court by May 10, 2019.
About the Lawsuit
On March 7, 2019, Bridgepoint disclosed that its financial statements
for the three and nine months ended September 30, 2018 would be
restated, and should not be relied upon, due in part to a flawed revenue
recording process resulting in “material” accounting errors and the
overstatement of revenue and expenses.
On this news, the price of Bridgepoint’s shares plummeted.
The case is Stein v. Bridgepoint Education, Inc. et al,
19-cv-00460.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General
Charles C. Foti, Jr., is a law firm focused on securities, antitrust and
consumer class actions, along with merger & acquisition and breach of
fiduciary litigation against publicly traded companies on behalf of
shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
[email protected]
1-877-515-1850
