Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Grand Canyon Education, Inc. (“GCE”) (NASDAQ: LOPE) resulting from allegations that GCE may have issued materially misleading business information to the investing public.
If you purchased GCE securities and would like to join the prospective action, please click “Join This Class Action.”
On December 27, 2023, the U.S. Federal Trade Commission (“FTC”) announced they had sued GCE, GCE’s affiliated university partner, Grand Canyon University (“GCU”), as well as Brian Mueller, GCU’s president and GCE’s Chief Executive Officer, for deceptive advertising, violating the FTC’s telemarketing sales rule, and for falsely marketing GCU as a nonprofit entity.
On this news, GCE’s stock price fell $9.00 per share, or 6%, to close at $132.56 per share on December 28, 2023.
The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.
Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.
Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.
The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.
