NEW YORK–(BUSINESS WIRE)–Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Grand Canyon Education, Inc. (NASDAQ:LOPE) resulting from allegations that Grand Canyon Education may have issued materially misleading business information to the investing public.
On January 28, 2020, the investment analyst Citron Research issued a report on Grand Canyon Education entitled “GCE, the Educational Enron.” The Citron Report alleged that Grand Canyon Education 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 Education’s stock price fell $7.43 per share, or over 8%, to close at $84.07 per share on January 28, 2019, on unusually high trading volume, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Grand Canyon Education’s investors. If you purchased shares of Grand Canyon Education, please visit the firm’s website at http://www.rosenlegal.com/cases-register-1761.html to join the class action. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected] or [email protected].
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has secured hundreds of millions of dollars for investors.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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