Faruqi & Faruqi, LLP is Investigating Bridgepoint Education, Inc. on Behalf of
its Shareholders - BPI
NEW YORK, Nov. 1, 2012
NEW YORK, Nov. 1, 2012 /PRNewswire/ --Faruqi & Faruqi, LLP, a national law
firm concentrating on investor rights, consumer rights and the enforcement of
federal antitrust laws, is investigating potential wrongdoing at Bridgepoint
Education, Inc. ("Bridgepoint" or the "Company") (NYSE: BPI). The
investigation focuses on whether certain executive officers and directors of
Bridgepoint breached their fiduciary duties by causing the Company to, among
other things, improperly compensate its admission personnel at Ashford
University. Bridgepoint is the parent company of Ashford University, an
(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO )
In a filing with the Securities and Exchange Commission on October 15, 2012,
Bridgepoint announced it had received a letter from the United States
Department of Justice ("DOJ"), stating that the DOJ is investigating
Bridgepointover the compensation of its admissions staff. The investigation
is a follow-up to a 2011 audit by the Education Department's Inspector General
that found that Ashford University may have violated a federal ban on
incentive compensation for college recruiters.
The DOJ investigation comes three months after Ashford was denied initial
accreditation by the Western Association of Schools and Colleges for not
complying with certain standards, including spending more money on student
recruitment than education. The accreditation denial was followed by increased
scrutiny from Ashford's current accrediting body, the Higher Learning
Request more information now by clicking here: www.faruqilaw.com/BPI.
Faruqi & Faruqi, LLP is a national law firm which represents investors and
individuals in class action and derivative litigation. The firm is focused on
providing exemplary legal services in the areas of securities, shareholder,
antitrust and consumer litigation, through all phases of litigation. The firm
has an experienced trial team which has achieved significant victories on
behalf of the firm's clients.
If you hold BPI shares and you would like to discuss your legal rights, visit
www.faruqilaw.com/BPI. You can also contact us by calling Michael J. Hynes
free at 877-247-4292 or at 215-277-5770 or by sending an e-mail to
Faruqi & Faruqi, LLP
Michael J. Hynes, Esq.
101 Greenwood Avenue Suite 600
Jenkintown, PA 19046
Telephone: (877) 247-4292 or (215) 277-5770
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