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Press release content from Business Wire. The AP news staff was not involved in its creation.

BRIDGEPOINT EDUCATION 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit Against Bridgepoint Education, Inc. - BPI

May 8, 2019

NEW ORLEANS--(BUSINESS WIRE)--May 7, 2019--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with losses in excess of $100,000 that they have only until May 10, 2019 to file lead plaintiff applications in a securities class action lawsuit against Bridgepoint Education, Inc. (NYSE: BPI). Investor losses must relate to purchases of the Company’s securities between March 8, 2016 and March 7, 2019. This action is pending in the United States District Court for the Southern District of California.

What You May Do

If you purchased securities of Bridgepoint and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ( lewis.kahn@ksfcounsel.com ), or visit https://www.ksfcounsel.com/cases/nyse-bpi/ to learn more. If you wish to serve as a lead plaintiff in this class action by overseeing lead counsel with the goal of obtaining a fair and just resolution, you must request this position by application to the Court by May 10, 2019.

About the Lawsuit

On March 7, 2019, Bridgepoint disclosed that its financial statements for the three and nine months ended September 30, 2018 would be restated, and should not be relied upon, due in part to a flawed revenue recording process resulting in “material” accounting errors and the overstatement of revenue and expenses.

On this news, the price of Bridgepoint’s shares plummeted.

The case is Stein v. Bridgepoint Education, Inc. et al, 19-cv-00460.

About Kahn Swick & Foti, LLC

KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190507006065/en/

CONTACT: Kahn Swick & Foti, LLC

Lewis Kahn, Managing Partner





SOURCE: Kahn Swick & Foti, LLC

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PUB: 05/07/2019 10:50 PM/DISC: 05/07/2019 10:50 PM