DeVry Education Group Inc (NYSE:DV) Investor Investigation Concerning Possible Violations Of Securities Laws Announced

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Company Name(s): 
DeVry
Affected Securities: 
NYSE: DV

February 4, 2016 (Shareholders Foundation) - An investigation on behalf of investors of DeVry Education Group Inc (NYSE:DV) shares over potential securities laws violations by DeVry Education Group and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of DeVry Education Group Inc (NYSE:DV) concerning whether a series of statements by DeVry Education Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

DeVry Education Group Inc reported that its Total Revenue declined from over $1.92 billion for the 12 months period that ended on June 30, 2014 to over $1.9 billion for the 12 months period that ended on June 30, 2015 and that its Net Income for those time period sdecline dfrom $150.99 million to $134.32 million.

On January 27, 2016, it was revealed that The U.S. Federal Trade Commission (“FTC”) filed a lawsuit against DeVry University, alleging the company deceived students about the prospect that they would find work. The FTC has accused the school of being deceptive in saying that 90 percent of DeVry graduates found work in their field within six months of graduation.