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Stock Market & Financial Investment News

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May 9, 2014
11:57 EDTDVDeVry: 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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October 23, 2014
16:19 EDTDVDeVry reports Q1 EPS ex-items 47c, consensus 29c
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15:30 EDTDVNotable companies reporting after market close
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October 15, 2014
07:07 EDTDVFor profit education positive catalysts outweigh negative, says Wells Fargo
Wells Fargo expects for-profit education stocks to benefit from improved hiring trends and a sale by Corinthian of its assets that, according t othe firm ,would set a valuation floor for the sector. The firm continues to believe that the final gainful employment rule will be neutral to positive for the group. Wells favors the option value on the long side for the sector. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).

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