NEW YORK, July 21, 2016 /PRNewswire/ -- Bernstein Liebhard LLP is investigating whether the Board of Directors of DeVry Education Group ("DeVry" or the "Company") (NYSE: DV) breached their fiduciary duties to the Company.
On January 27, 2016, the Federal Trade Commission ("FTC") filed a complaint against DeVry, DeVry University, and DeVry/New York Inc. alleging that starting in 2008 and continuing until August 2015, the Company made deceptive representations about the benefits of obtaining a degree from DeVry. In particular, the FTC complaint focuses on two claims made by DeVry: (a) 90% of DeVry students who are actively seeking employment obtained new jobs in their field of study within 6 months of graduation; and (b) one year after graduation, the average or median earnings of DeVry graduates with bachelor's degrees were 15% higher than those of similar graduates. The FTC seeks, among other things, refunds of monies paid and disgorgement of ill-gotten gains, the total of which could exceed a staggering $8 billion.
If you are interested in discussing your rights as a DeVry shareholder, and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or [email protected].
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3.5 billion for its clients. The Firm has been named to the National Law Journal's "Plaintiffs' Hot List" thirteen times.
Bernstein Liebhard LLP 10 East 40th Street New York, New York 10016 (877) 779-1414 www.bernlieb.com