Zovio Inc. f/k/a Bridgepoint Education Inc. Class Action Lawsuit - BPI

Company
Zovio Inc. f/k/a Bridgepoint Education Inc. (NYSE: BPI)
Lead Plaintiff Deadline
May 10, 2019 (Expired)
Class Period
March 8, 2016 - March 7, 2019

Expired

Lead Plaintiff Deadline

May 10, 2019

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Allegations

(i) Bridgepoint’s processes for recording revenue for its FTG program were inaccurate; (ii) Bridgepoint maintained deficient internal controls; (iii) due to the foregoing deficiencies, Bridgepoint was prone to and did commit material accounting errors related to revenue, provision for bad debts, accounts receivable and deferred revenue, which resulted in the overstatement of revenue and expenses; and (iv) as a result, Bridgepoint’s public statements were materially false and misleading at all relevant times.

Eligibility

In order to be eligible to join the BPI class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until May 10, 2019 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.

Zovio Inc. f/k/a Bridgepoint Education Inc. Class Action Lawsuit Details

Levi & Korsinsky announces the commencement of a class action on behalf Zovio Inc. (f/k/a Bridgepoint Education Inc. and traded as NYSE: BPI) (NYSE: ZVO) shareholders who purchased shares between March 8, 2016 and March 7, 2019. If you suffered a loss in Zovio (f/k/a Bridgepoint) you have until May 10, 2019 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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