Trending...
- California: Three years after the end of Roe, Governor Newsom, First Partner sound the alarm on Trump's "Big, Beautiful" plan to defund Planned Parenthood - 121
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI - 106
- Fact check: Claims swirling on California gas prices
OAKLAND, Calif.--(BUSINESS WIRE)--Shares of Adtalem Global Education, Inc. dropped over 23% on January 30, 2024, after Safkhet Capital published a report alleging that the company's business model uses deceptive tactics and pushes students into debt. Gibbs Law Group is investigating a potential Adtalem Securities Class Action Lawsuit on behalf of shareholders who lost money in Adtalem (NYSE: ATGE).
What Should ATGE Investors Do?
If you invested in Adtalem Global Education, visit our website by clicking here, or call us toll-free at (888) 410-2925 to discuss how you may be able to recover your losses. If you purchased Adtalem securities during the Class Period, you may be entitled to potential compensation without paying any out-of-pocket fees or costs.
More on The Californer
What is this Lawsuit & Investigation About?
On January 30, 2024, Safkhet Capital published a blistering report, alleging that Adtalem, the for-profit education company, is "a toxic byproduct of an imperfect higher education system." Safkhet Capital claims that Adtalem's business model is "made possible by aggressive and sometimes deceptive tactics" adding that "[e]xpired program participation agreements across most of ATGE's schools create the risk of greater collateral requirements and delays in the permitted drawdown of federal funds," as reported by ZeroHedge. In November, Walden University which was acquired by Adtalem, was put under investigation by the Department of Education.
Following the short seller report, Adtalem stock plummeted over 23% in intraday trading on January 30th, causing significant harm to investors.
About Gibbs Law Group
Gibbs Law Group represents investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world's largest corporations, and our attorneys have received numerous honors for their work, including "Best Lawyers in America," "Top Plaintiff Lawyers in California," "California Lawyer Attorney of the Year," "Class Action Practice Group of the Year," "Consumer Protection MVP," and "Top Women Lawyers in California."
More on The Californer
This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
CONTACT: EILEEN EPSTEIN
PHONE: 510.350.9728
EMAIL: EJE@CLASSLAWGROUP.COM
What Should ATGE Investors Do?
If you invested in Adtalem Global Education, visit our website by clicking here, or call us toll-free at (888) 410-2925 to discuss how you may be able to recover your losses. If you purchased Adtalem securities during the Class Period, you may be entitled to potential compensation without paying any out-of-pocket fees or costs.
More on The Californer
- Official Launch Of 'The Ambony' Marks A New Era In Sophisticated Digital Society Platform
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- California: TOMORROW: Make America Rake Again: Governor Newsom to make announcement on new wildfire prevention strategy targeting federal lands
- California: TODAY: Governor Newsom to sign historic bills to create more housing and infrastructure – faster than ever before
- Can This Simple Test Predict How Long You'll Live?
What is this Lawsuit & Investigation About?
On January 30, 2024, Safkhet Capital published a blistering report, alleging that Adtalem, the for-profit education company, is "a toxic byproduct of an imperfect higher education system." Safkhet Capital claims that Adtalem's business model is "made possible by aggressive and sometimes deceptive tactics" adding that "[e]xpired program participation agreements across most of ATGE's schools create the risk of greater collateral requirements and delays in the permitted drawdown of federal funds," as reported by ZeroHedge. In November, Walden University which was acquired by Adtalem, was put under investigation by the Department of Education.
Following the short seller report, Adtalem stock plummeted over 23% in intraday trading on January 30th, causing significant harm to investors.
About Gibbs Law Group
Gibbs Law Group represents investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world's largest corporations, and our attorneys have received numerous honors for their work, including "Best Lawyers in America," "Top Plaintiff Lawyers in California," "California Lawyer Attorney of the Year," "Class Action Practice Group of the Year," "Consumer Protection MVP," and "Top Women Lawyers in California."
More on The Californer
- AI Performs Virtual Tissue Staining at Super-Resolution
- Online Distribution of the Summer 2025 Diamond Certified Directory Update Begins
- California: Governor Newsom proclaims Immigrant Heritage Month 2025
- California: Department of Defense agrees: it's time for Trump's militarization of Los Angeles to end
- Long Beach: City Launches Internet Service Enrollment Line
This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
CONTACT: EILEEN EPSTEIN
PHONE: 510.350.9728
EMAIL: EJE@CLASSLAWGROUP.COM
Filed Under: Business
0 Comments
Latest on The Californer
- CGI+ Sells Multifamily Development Site in Los Angeles' South Bay to JPI for $40 Million
- MicroStrategy Incorporated (MSTR) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
- Alten Construction awarded Encinal Junior and Senior High School project
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN
- Cybersecurity is THE Hot Market Sector; Revenues, Earnings & Profit matter; Only 33 Million Shares + a Huge Short Position Equal an Undervalued Stock
- Despite Global Calls for a Ban, US Child Psychiatry Pushes Electroshock for Kids
- Franco Polished Plaster Celebrates 35 Years of Bringing Walls to Life in the UK
- Spartan & Guardians Partner with Guitar Legend Buckethead to Support Global Child Rescue Efforts
- Preliminary.online Introduces Short-Term Job-Readiness Courses with Employer-Verified Certifications
- Psychologist-Turned-Hermeticist Releases Modern Guide to the Seven Hermetic Principles
- Winners Announced for Asia Pacific Business Awards 2024-2025
- Hamvay-Lang and Lampone.hu Join Forces with AIMarketingugynokseg.hu to Elevate Hungarian Lifestyle Brands on the Global Stage
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- California: El Gobernador Newsom firma un presupuesto estatal equilibrado que reduce los impuestos a los veteranos, financia completamente las comidas escolares gratuitas, construye más viviendas y crea empleos
- California: Governor Newsom signs balanced state budget that cuts taxes for vets, fully funds free school meals, builds more housing, & creates jobs
- California: Governor Newsom announces appointments 6.27.25
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Baby Boomer Housing Trend: Big Homes Out, Simplicity In
- Governor Newsom slams Trump over bill that would cut millions in health coverage, food assistance for California
- Jamison & Tania Events Wins Dual California Wedding Day Magazine "Best of 2025" Awards