Cases
Zovio Inc. (NASDAQ: ZVO) f/k/a Bridgepoint Education Inc. (NYSE: BPI)
Securities Class Action
Overview
Overview
- Date:
- 5/14/2019
- Company Name:
- Zovio Inc.
- Stock Symbol:
- ZVO
- Class Period:
- FROM 3/8/2016 TO 3/7/2019
- Status:
- Closed/Complete
NEW YORK, May 14, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against certain officers and directors of Zovio Inc. (NASDAQ: ZVO).
On March 8, 2019 a complaint was filed alleging that between March 8, 2016 and March 7, 2019, 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 or otherwise acquired Zovio shares, 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.
On March 8, 2019 a complaint was filed alleging that between March 8, 2016 and March 7, 2019, 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 or otherwise acquired Zovio shares, 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.