Grand Canyon (LOPE) Alert: Johnson Fistel Investigates Grand Canyon Education, Inc.; Investors Suffering Losses Encouraged to Contact Firm
SAN DIEGO, Jan. 28, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Grand Canyon Education, Inc. ("Grand Canyon") (NASDAQ: LOPE). Grand Canyon provides education services in the United States.
On January 28, 2020, Andrew Left, managing editor of Citron Research ("Citron") published a report entitled "The Educational Enron" wherein Left detailed a series of alarming red flags about Grand Canyon.
Specifically, Citron states that "GCU has become a vehicle for the LOPE executives to commit securities fraud and obfuscate the true financials of Grand Canyon Education." Citron further stated, "LOPE is in clear violation of SEC rule 10b-5 as they use the private university to dump expenses and liabilities, while receiving a disproportionate amount of revenue at inflated margins in order to artificially inflate the stock price."
If you have information that could assist in this investigation, including past employees and others, or if you are a Grand Canyon shareholder and are interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
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SOURCE Johnson Fistel, LLP
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