Cases
Bridgepoint Education, Inc. (BPI)
Securities Class Action
Overview
Overview
- Date:
- 3/11/2019
- Company Name:
- Bridgepoint Education, Inc.
- Stock Symbol:
- BPI
- Class Period:
- FROM 3/8/2016 TO 3/7/2019
- Status:
- Closed/Complete
- Court:
- U.S. District Court: District of Southern California
NEW YORK, March 11, 2019 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of California on behalf of all persons or entities who purchased or otherwise acquired Bridgepoint Education, Inc. (NYSE: BPI) securities between March 8, 2016 and March 7, 2019 (the “Class Period”). Investors have until May 10, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that throughout the class period defendants made false and/or misleading statements and/or failed to disclose that: (1) Bridgepoint’s processes for recording revenue for its Corporate Full Tuition Grant program were inaccurate; (2) Bridgepoint maintained deficient internal controls; (3) due to the foregoing deficiencies, Bridgepoint was prone to and did commit material accounting errors related to revenue, provision for bad debts, accounts receivable and deferred revenue, which resulted in the overstatement of revenue and expenses; and (4) as a result, Bridgepoint’s public statements were materially false and misleading at all relevant times.
If you purchased Bridgepoint securities during the Class Period or continue to hold shares purchased before the Class Period, 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 Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
The complaint alleges that throughout the class period defendants made false and/or misleading statements and/or failed to disclose that: (1) Bridgepoint’s processes for recording revenue for its Corporate Full Tuition Grant program were inaccurate; (2) Bridgepoint maintained deficient internal controls; (3) due to the foregoing deficiencies, Bridgepoint was prone to and did commit material accounting errors related to revenue, provision for bad debts, accounts receivable and deferred revenue, which resulted in the overstatement of revenue and expenses; and (4) as a result, Bridgepoint’s public statements were materially false and misleading at all relevant times.
If you purchased Bridgepoint securities during the Class Period or continue to hold shares purchased before the Class Period, 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 Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.