Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Bridgepoint Education, Inc.

Jul 10, 2012, 18:10 ET from Bronstein, Gewirtz & Grossman, LLC

NEW YORK, July 10, 2012 /PRNewswire/ -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Bridgepoint Education, Inc. ("Bridgepoint" or the "Company") (NYSE: BPI), concerning whether the company and certain of its officers and directors have violated federal securities laws.

On July 9, 2012 shares of Bridgepoint fell 33% to close at 14.25 per share after one of its campuses, Ashford University located in Clinton, Iowa was denied accreditation by the Western Association of Schools and Colleges (WASC).   Bridgepoint provides postsecondary education services through a combination of two physical campuses and online courses. According to the WASC, Ashford did not comply with multiple aspects of the accreditation standards in areas related to student retention, full-time faculty, and the university's governing board; WASC also cited "serious concerns" about the rigor of the coursework offered.

If you are aware of any facts relating to this investigation, or purchased shares of Bridgepoint, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email eitan@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.

Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Eitan Kimelman, 212-697-6484 eitan@bgandg.com

 

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