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SAN FRANCISCO, May 01, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, with 9 offices in 8 cities around the country and 80 attorneys, reminds investors in Bridgepoint Education Inc. (NYSE: BPI) of the securities class action pending in the United States District Court for the Southern District of New York. The complaint, Stein v. Bridgepoint Education, Inc. et al., No. 3:19-cv-00460, alleges violations of the Federal securities laws.
If you purchased or otherwise acquired Bridgepoint Education securities between March 8, 2016 and March 7, 2019 (the “Class Period”) and suffered losses exceeding $50,000 you may qualify to be a lead plaintiff – one who selects and overseas the attorneys prosecuting the case.
If you wish to serve as lead plaintiff in this class action, you must move the Court no later than May 10, 2019 (the “Lead Plaintiff deadline”). Contact Hagens Berman immediately for more information about the case and being a lead plaintiff:
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
The complaint alleges Defendants misled investors concerning Bridgepoint’s revenue and expense recognition practices and, on March 7, 2019, Defendants admitted earlier issued financial statements were unreliable because they overstated revenue and misstated other financial accounts.
“We’re focused on investors’ losses, admitted improper accounting, whether the so-called “errors” were in fact “irregularities,” and the extent to which Defendants may have misled investors,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Bridgepoint Education should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email BPI@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 80 attorneys in 9 offices located in 8 cities across the country. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000