NEW YORK, Aug. 9, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of American Public Education, Inc. ("American Public Education" or the "Company") (NASDAQ: APEI). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, Ext. 9980.
The investigation concerns whether American Public Education and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On August 8, 2017, American Public Education revealed that it received a Civil Investigative Demand from the Attorney General of the Commonwealth of Massachusetts, relating to an investigation of alleged unfair or deceptive acts or practices by American Military University ("AMU") in connection with the recruitment and retention of students and the financing of education. AMU is operated by American Public University System, Inc., a wholly owned operating subsidiary of American Public Education. The Civil Investigative Demand requires the production of documents and information relating to recruitment, enrollment, job placement and other matters.
On this news, American Public Education's share price has fallen as much as $3.25, or 15.01%, during intraday trading on August 9, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
SOURCE Pomerantz LLP