DeVry: Judge finds class action filed against company as 'strike suit' DeVry Education Group is pleased with the decision issued May 8 by Judge John F. Grady of the U.S. District Court for the Northern District of Illinois. Judge Grady found that a securities fraud class action filed against DeVry Group and certain senior executives four years ago was a “strike suit,” or a suit filed without any legitimate basis for the purpose of obtaining a private settlement. The Court also held that DeVry Group presumptively is entitled to recover its reasonable attorneys’ fees and expenses for the entire action. “We are pleased with the Court’s decision. It confirms what we have known for four years – that this was a frivolous suit,” said Greg Davis, general counsel at DeVry Education Group.
News For DV From The Last 14 Days
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BMO Capital to hold a conference 14th Annual Back to School Education Conference to be held in New York on September 18 with webcasted company presentations to begin at 8 am; not all company presentations may be webcasted. Webcast Link