American Public Education, Inc. Long Term Investor Investigation

If you are a current long term investor in common stock of American Public Education, Inc. (NASDAQ:APEI), including those who purchased also prior to February 2010 and continue to hold those APEI shares, you have certain options and you should contact the Shareholders Foundation.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
American Public Education
Affected Securities: 
NASDAQ: APEI

An American Public Education investor filed on behalf of purchasers of the common stock of American Public Education between February 22, 2010 and August 5, 2010 over alleged Federal Securities Laws violations by American Public Education, Inc. Meanwhile an investigation on behalf of current long term investors in American Public Education, Inc. (NASDAQ:APEI), including those who purchased also prior to February 2010 and presently hold those APEI shares, over possible breaches of fiduciary duties by certain officers and directors of American Public Education was announced.

According to the complaint filed in the United States District Court for the Northern District of West Virginia the plaintiff alleges on behalf of purchasers of the common stock of American Public Education, Inc. (NASDAQ:APEI) between February 22, 2010 and August 5, 2010, that American Public Education and certain of its Officers violated the Securities Exchange Act of 1934 by issuing between February 22, 2010 and August 5, 2010, a series of materially false and misleading statements related its business and operations. The investigation on behalf of behalf of current long term investors in American Public Education, Inc. (NASDAQ:APEI) seeks to determine whether certain officers and directors of American Public Education breached their fiduciary duties in connection with the alleged securities laws violations.
American Public Education’s revenue increased over the past four years from $40.05million in 2006, to $69.09million in 2007, to $107.15million in2008, and $149million in 2009. Over the same time period its Net Income rose from $1.80 million in 2006 to $23.94million in 2009.
On August 5, 2010, American Public Education, Inc announced its second-quarter 2010 financial results and revised downward its third-quarter revenue guidance, stating it expects to tighten its recruitment standards for new students. The announcement followed the release of a report by the U.S. Government Accountability Office that found some for-profit colleges encouraged fraud and engaged in deceptive and otherwise questionable marketing and sales practices directed toward prospective students.
After the announcement shares of American Public Education, Inc. (Public, NASDAQ:APEI) declined decreased drastically by more than 30% from $44.79 per share on August 05 to $29.34 per share on August 06 and continued to declined to as low as $25.63 per share on August 12, 2010. APEI shares are down from its52weekHigh of $48.95per share, $45.19 per share during 2009, and $49.38 per share in 2008.