NEW ORLEANS, Aug. 18, 2017 /PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into American Public Education, Inc. (NasdaqGS: APEI).
On August 8, 2017, American Public Education disclosed that is was the subject of a Civil Investigative Demand (CID) from the Attorney General of the Commonwealth of Massachusetts, dated July 31, 2017. The CID was focused on allegations of unfair or deceptive acts or practices relating to student recruitment, retention and financing by American Military University, which is operated by American Public Education's wholly owned operating subsidiary, American Public University System, Inc.
On this news, the price of American Public Education's shares plummeted.
KSF's investigation is focusing on whether American Public Education and/or its officers and directors violated state or federal securities laws.
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.