SAN FRANCISCO, March 7, 2019 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in Bridgepoint Education Inc. (NYSE: BPI) to the firm's investigation of admitted improper accounting and possible securities law violations. If you purchased or otherwise acquired Bridgepoint Education securities before March 7, 2019 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information about the investigation click
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
On March 7, 2019, Bridgepoint and senior management announced investors should no longer rely on the Company's consolidated financial statements for the three and nine months ended September 30, 2018.
More specifically, they disclosed "the Company identified errors, relating to revenue, provision for bad debts, accounts receivable and deferred revenue, which resulted in the overstatement of revenue and expenses" for the periods.
This news drove the price of Bridgepoint Education shares sharply lower during intraday trading on March 7, 2019.
"We're focused on investors' losses, admitted improper accounting, whether the so-called "errors" were in fact "irregularities," and the extent to which the Company and senior management may have misled investors," said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Bridgepoint Education should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email BPI@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 78 attorneys in 9 offices across the country. The firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000
SOURCE Hagens Berman Sobol Shapiro LLP