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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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December 19, 2014
06:53 EDTDVWhitie House unveils college ratings blueprint, Reuters says
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December 18, 2014
08:01 EDTDVDeVry to acquire Faculdade Ideal , terms not disclosed
DeVry Education Group announced that DeVry Brasil has entered into an agreement to acquire Faculdade Ideal. Located in Belém, Pará in northern Brazil, Faci currently serves approximately 2,500 students and offers undergraduate programs in high-demand career fields such as law, education, accounting, technology and engineering. The transaction is expected to be completed in the third quarter of fiscal 2015. -
December 16, 2014
14:19 EDTDVDeVry Brasil to acquire Damásio Educacional
DeVry Education Group announced that DeVry Brasil has signed a definitive agreement to acquire Damásio Educacional. Completion of the transaction is expected to occur February 2015, subject to all regulatory approvals. Damásio is a leader in bar exam test preparation and a high quality provider of undergraduate and graduate law programs. Damásio is expected to generate approximately $50 million in revenue in calendar year 2014. DeVry Group expects Damásio to be modestly accretive to earnings per share in fiscal 2015 and increasing thereafter.

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