The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of Illinois on behalf of investors who purchased DeVry Education Group, Inc. (NYSE: DV) securities between February 4, 2011 and January 27, 2016.
According to the complaint, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose, among other things, that: (i) DeVry University engaged in a multi-year deceptive marketing and advertising campaign; (ii) DeVry University overstated its students’ ability to find employment after graduation (iii) DeVry University overstated the potential income its students could earn after graduation; (iv) and as a result, DeVry overstated its growth, revenue, and earnings potential by concealing the true employment prospects of DeVry University graduates to investors and potential students.
Shares of DeVry have fallen from a close of $53.47 per share on February 3, 2011, the day before the class period, to a close of just $20.09 on January 27, 2016.
If you suffered a loss in DeVry you have until July 12, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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