Zovio Inc. f/k/a Bridgepoint Education Inc. Loss Form

Company: Zovio Inc. f/k/a Bridgepoint Education Inc.

Ticker: (NYSE) BPI

Deadline

Passed

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.