INVESTOR ALERT: Investigation of Bridgepoint Education, Inc. Announced by Glancy Binkow & Goldberg LLP

  INVESTOR ALERT: Investigation of Bridgepoint Education, Inc. Announced by
  Glancy Binkow & Goldberg LLP

Business Wire

LOS ANGELES -- May 28, 2014

Glancy Binkow & Goldberg LLP announces that it is investigating potential
claims on behalf of investors of Bridgepoint Education, Inc. ("Bridgepoint" or
the “Company”) (NYSE:BPI) concerning possible violations of federal securities
laws. The investigation is focused on the Company’s financial performance.

Please contact us, Toll-Free at (888) 773-9224, or at
shareholders@glancylaw.com to discuss this matter. If you inquire by email
please include your mailing address, telephone number and number of shares
purchased.

Bridgepoint provides postsecondary education services, including undergraduate
and post-graduate degree programs in business, education, psychology, social
sciences and health sciences. The investigation is related to Bridgepoint’s
May 12, 2014, disclosure that the Company, in connection with a reassessment
of its revenue recognition policy and accounting for doubtful accounts, will
be unable to file its Quarterly Report on Form 10-Q for the quarter ended
March 31, 2014, by the filing deadline. According to the Company, on May 2,
2014, the Securities and Exchange Commission informed the Company that “such a
reassessment is required under accounting principles generally accepted in the
United States upon certain changes in circumstances, such as when a student
loses financial aid eligibility.” The Company further disclosed that based on
its internal analysis to date, “management has preliminarily estimated that
application of a student-by-student reassessment during the quarter ended
March 31, 2014 resulted in decreases in revenue and bad debt expense of $0.7
million and $0.2 million, respectively.”

If you purchased Bridgepoint shares, if you have information or would like to
learn more about these claims, or if you have any questions concerning this
announcement or your rights or interests with respect to these matters, please
contact Lesley Portnoy, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century
Park East, Suite 2100, Los Angeles, California 90067, Toll-Free at (888)
773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP
at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212)
682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at
http://www.glancylaw.com. If you inquire by email, please include your mailing
address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contact:

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Lesley Portnoy, (888) 773-9224
or
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh, (212) 682-5340
shareholders@glancylaw.com
www.glancylaw.com
 
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