Grand Canyon Education, Inc.
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: Grand Canyon Education, Inc. |
Ticker: | Ticker: LOPE |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against Grand Canyon Education, Inc. (“GCE” or the “Company”) (NASDAQ: LOPE). The investigation concerns whether GCE and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On December 27, 2023, it was revealed that the U.S. Federal Trade Commission (“FTC”) had sued GCE-affiliated university partner, Grand Canyon University (“GCU”), as well as GCU’s president, for deceptive advertising and for falsely marketing GCU as a nonprofit entity, in violation of the FTC’s Telemarketing Sales Rule and Federal Trade Commission Act, respectively. On this news, the price of GCE shares declined by $9.00 per share, or approximately 6.36%, from $141.56 per share to close at $132.56 on December 28, 2023.
On December 27, 2023, it was revealed that the U.S. Federal Trade Commission (“FTC”) had sued GCE-affiliated university partner, Grand Canyon University (“GCU”), as well as GCU’s president, for deceptive advertising and for falsely marketing GCU as a nonprofit entity, in violation of the FTC’s Telemarketing Sales Rule and Federal Trade Commission Act, respectively. On this news, the price of GCE shares declined by $9.00 per share, or approximately 6.36%, from $141.56 per share to close at $132.56 on December 28, 2023.