Grand Canyon Education, Inc.

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.”

If you purchased GCE securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

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.

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