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You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of November 29, 2019 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Settlement Overview
You must register to view and download the Settlement Notice and Settlement Proof.
September 5, 2019 - The court preliminarily approved the settlement.
August 30, 2019 - A stipulation of settlement was filed by the parties.
March 30, 2018 - A motion to dismiss the third amended complaint was filed.
January 29, 2018 - A third amended complaint was filed.
December 6, 2017 - The court granted defendants' motion to dismiss.
January 27, 2017 - A motion to dismiss the second amended complaint was filed.
December 23, 2016 - A second amended complaint was filed.
November 8, 2016 - An amended complaint was filed.
May 13, 2016 - An investor in shares of DeVry Education Group Inc (NYSE: DV) filed a lawsuit in the U.S. District Court for the Northern District of Illinois over alleged violations of Federal Securities Laws by DeVry Education Group Inc in connection with certain allegedly false and misleading statements made between February 4, 2011 and January 27, 2016.
According to the complaint the plaintiff alleges on behalf of purchasers of DeVry Education Group Inc (NYSE: DV) common shares between February 4, 2011 and January 27, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 4, 2011 and January 27, 2016, the defendants made false and/or misleading statements and/or failed to disclose, among other things, that DeVry University engaged in a multi-year deceptive marketing and advertising campaign, that DeVry University overstated its students' ability to find employment after graduation, that DeVry University overstated the potential income its students could earn after graduation, and that as a result, DeVry overstated its growth, revenue, and earnings potential by concealing the true employment prospects of DeVry University graduates to investors and potential students. DeVry Education Group Inc reported that its Total Revenue declined from over $1.92 billion for the 12 months period that ended on June 30, 2014 to over $1.9 billion for the 12 months period that ended on June 30, 2015 and that its Net Income for those time periods declined from $150.99 million to $134.32 million.
On January 27, 2016, it was revealed that The U.S. Federal Trade Commission (“FTC”) filed a lawsuit against DeVry University, alleging the company deceived students about the prospect that they would find work. The FTC has accused the school of being deceptive in saying that 90 percent of DeVry graduates found work in their field within six months of graduation. Shares of DeVry Education Group Inc (NYSE: DV) declined to as low as $17.98 per share on February 2, 2016.