{"id":464213,"date":"2021-03-24T09:03:24","date_gmt":"2021-03-24T13:03:24","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=464213"},"modified":"2021-03-24T09:03:24","modified_gmt":"2021-03-24T13:03:24","slug":"kaskela-law-llc-announces-investigation-of-grand-canyon-education-inc-lope-and-encourages-long-term-lope-stockholders-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kaskela-law-llc-announces-investigation-of-grand-canyon-education-inc-lope-and-encourages-long-term-lope-stockholders-to-contact-the-firm\/","title":{"rendered":"Kaskela Law LLC Announces Investigation of Grand Canyon Education, Inc. (LOPE) and Encourages Long-Term LOPE Stockholders to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">PHILADELPHIA, March  24, 2021  (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating Grand Canyon Education, Inc. (\u201cGrand Canyon\u201d or the \u201cCompany\u201d) (NASDAQ: LOPE) on behalf of the Company\u2019s stockholders. The investigation seeks to determine whether the members of Grand Canyon\u2019s board of directors breached their fiduciary duties to the Company and its stockholders.\u00a0\u00a0<\/p>\n<p align=\"justify\">Current Grand Canyon stockholders who purchased or acquired shares of the Company\u2019s stock <strong><em><u>prior to January 5, 2018<\/u><\/em><\/strong> are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 \u2013 1585, or by email at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rk7eN6ONF79HW_MUR9xDO568OvblKTMJam2KniIxl5kPhIOOx5PLQR9H6wxCGyXj_tSRMfIHOdCA1qij7iZB8OgGJh8_m1eAq0DMwqHUI94=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">skaskela@kaskelalaw.com<\/a> or online at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=gC6HR1abeksCHRJ3FvWO78nxWx89X-0FIvTCAplxQQwJgV1Sh9zhI5Uzjf6lqL2YcjECmmOVX7YO5EniIWscBvrCQE4plpPHaMR7CcakhYCsvURC2jC13nbRYSvsck29FlgEMqfoP5R_hNmG-5LOhw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong><em>https:\/\/kaskelalaw.com\/case\/grand-canyon\/<\/em><\/strong><\/a>, for additional information about this investigation and their legal rights and options with respect to this matter.<\/p>\n<p align=\"justify\">Recently a securities fraud complaint was filed against Grand Canyon and certain of the Company\u2019s executive officers on behalf of investors who purchased shares of Grand Canyon\u2019s stock between January 5, 2018 and January 27, 2020. According to the complaint, during that time period the defendants issued a series of materially false and misleading statements to investors concerning Grand Canyon\u2019s conversion of the for-profit university it owned and operated (GCU) into a supposedly independent \u201cnon-profit\u201d university (\u201cNew GCU\u201d). Further, the complaint alleges that \u201cNew GCU functioned as an improper off-balance-sheet entity in which Grand Canyon was able to hide expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon\u2019s financial results.\u201d<\/p>\n<p align=\"justify\">On November 6, 2019, Grand Canyon announced that it had received a letter from the U.S. Department of Education (\u201cDOE\u201d) denying the Company\u2019s application for designation of New GCU as a non-profit. <strong><em>Following this news, shares of the Company\u2019s common stock declined approximately 8% in value.<\/em><\/strong><\/p>\n<p align=\"justify\">Subsequently, on January 28, 2020, Citron Research (\u201cCitron\u201d) published a report expanding on the DOE\u2019s findings, based on hundreds of pages of supporting documentation from Grand Canyon that Citron obtained through a FOIA request. <strong><em>Following this additional news, shares of the Company\u2019s common stock declined approximately 8% in value, to close at $84.07 per share on January 28, 2020.<\/em><\/strong><\/p>\n<p align=\"justify\">Current Grand Canyon stockholders who purchased or acquired shares of the Company\u2019s stock <strong><em><u>prior to January 5, 2018<\/u><\/em><\/strong> are encouraged to contact Kaskela Law LLC for additional information about this investigation and their legal rights and options with respect to this matter.<\/p>\n<p align=\"justify\">Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger &amp; acquisition litigation. For additional information about Kaskela Law LLC please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iznKZgI9gEsvabdJqzXuV3JkCDiXjfXvE7IejeIWxiuFAnztAyq7skOtDTXXNUxHiqESp-HBST9hK2Oxh-D1W9eoDwilxxMzXIJNirWSx4Y=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kaskelalaw.com<\/a>. This notice may constitute attorney advertising in certain jurisdictions.<\/p>\n<p align=\"justify\">\n        <strong>CONTACT:<\/strong>\n      <\/p>\n<p align=\"justify\">D. Seamus Kaskela, Esq.<br \/><strong>KASKELA LAW LLC<\/strong><br \/>18 Campus Blvd., Suite 100<br \/>Newtown Square, PA 19073<br \/>(484) 258 \u2013 1585<br \/>(888) 715 \u2013 1740<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iznKZgI9gEsvabdJqzXuV3xaUugbxL5T4LUOL5QqRPjKxTM1ocpEsaMxoZWR55LILW7os7MyAESjWvpYtTZHUCCuTxVJwuMgU3_NuvbyJq8=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.kaskelalaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rk7eN6ONF79HW_MUR9xDO568OvblKTMJam2KniIxl5m1yOvVfAJ_ZzSMLGpXPAJDefTj1q-r8eg7Z3qijvAOuvDnh4kuUdeIfWBZFC760CI=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">skaskela@kaskelalaw.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIwNTI1NSM0MDg4NTQzIzIwOTk5MzU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ead35555-c6b0-4934-88fa-bbdb4bf0a03c\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PHILADELPHIA, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating Grand Canyon Education, Inc. (\u201cGrand Canyon\u201d or the \u201cCompany\u201d) (NASDAQ: LOPE) on behalf of the Company\u2019s stockholders. The investigation seeks to determine whether the members of Grand Canyon\u2019s board of directors breached their fiduciary duties to the Company and its stockholders.\u00a0\u00a0 Current Grand Canyon stockholders who purchased or acquired shares of the Company\u2019s stock prior to January 5, 2018 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 \u2013 1585, or by email at skaskela@kaskelalaw.com or online at https:\/\/kaskelalaw.com\/case\/grand-canyon\/, for additional information about this investigation and their legal rights and options with respect to this matter. Recently a securities fraud &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kaskela-law-llc-announces-investigation-of-grand-canyon-education-inc-lope-and-encourages-long-term-lope-stockholders-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kaskela Law LLC Announces Investigation of Grand Canyon Education, Inc. (LOPE) and Encourages Long-Term LOPE Stockholders to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-464213","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kaskela Law LLC Announces Investigation of Grand Canyon Education, Inc. (LOPE) and Encourages Long-Term LOPE Stockholders to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kaskela-law-llc-announces-investigation-of-grand-canyon-education-inc-lope-and-encourages-long-term-lope-stockholders-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kaskela Law LLC Announces Investigation of Grand Canyon Education, Inc. (LOPE) and Encourages Long-Term LOPE Stockholders to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PHILADELPHIA, March 24, 2021 (GLOBE NEWSWIRE) &#8212; Kaskela Law LLC announces that it is investigating Grand Canyon Education, Inc. (\u201cGrand Canyon\u201d or the \u201cCompany\u201d) (NASDAQ: LOPE) on behalf of the Company\u2019s stockholders. The investigation seeks to determine whether the members of Grand Canyon\u2019s board of directors breached their fiduciary duties to the Company and its stockholders.\u00a0\u00a0 Current Grand Canyon stockholders who purchased or acquired shares of the Company\u2019s stock prior to January 5, 2018 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 \u2013 1585, or by email at skaskela@kaskelalaw.com or online at https:\/\/kaskelalaw.com\/case\/grand-canyon\/, for additional information about this investigation and their legal rights and options with respect to this matter. Recently a securities fraud &hellip; Continue reading &quot;Kaskela Law LLC Announces Investigation of Grand Canyon Education, Inc. 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The investigation seeks to determine whether the members of Grand Canyon\u2019s board of directors breached their fiduciary duties to the Company and its stockholders.\u00a0\u00a0 Current Grand Canyon stockholders who purchased or acquired shares of the Company\u2019s stock prior to January 5, 2018 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 \u2013 1585, or by email at skaskela@kaskelalaw.com or online at https:\/\/kaskelalaw.com\/case\/grand-canyon\/, for additional information about this investigation and their legal rights and options with respect to this matter. Recently a securities fraud &hellip; Continue reading \"Kaskela Law LLC Announces Investigation of Grand Canyon Education, Inc. 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