December 13, 2012 - The U.S. Court of Appeals affirmed the decision of the district court.
April 19, 2012 - A notice of appeal was filed.

March 20, 2012 - The court granted the defendants' motion to dismiss with prejudice and ordered the case closed.

April 19, 2011 - A motion to dismiss the amended complaint was filed.

March 17, 2011 - An amended complaint was filed.

October 15, 2010 - An investor in shares of Strayer Education Inc (NASDAQ: STRA) filed a lawsuit in the U.S. District Court for the Middle District of Florida against Strayer Education Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between November 1, 2007 and August 13, 2010.

According to the complaint the plaintiff alleges that Strayer Education Inc and certain of its officers and executives violated the Securities Exchange Act of 1934 by issuing between November 1, 2007 and August 13, 2010 materially false and misleading statements regarding its business and financial results.

On August 13, 2010, after the market closed, the U.S. Department of Education released data on federal student-loan repayment rates at the nation’s colleges and universities. The data showed that repayment rates were 54% at public colleges and 56% at private non-profit institutions, compared to just 36% at for-profit colleges. Specifically, the data showed that the repayment rates at Strayer Education Inc were just 25%.

The report of the U.S. Government Accountability Office (“GAO”) titled “Undercover Testing Finds Colleges Encouraged Fraud and Engaged in Deceptive and Questionable Marketing Practices” detailed undercover investigations into 15 for-profit schools that uncovered misconduct by school staff. According to this GAO study, the college personnel at schools may have encouraged applicants to falsify their financial aid forms to qualify for federal aid and pressured applicants to sign a contract for enrollment prior to allowing them to speak to a financial advisor. The undercover tests at 15 for-profit colleges found that 4 colleges encouraged fraudulent practices and that all 15 made deceptive or otherwise questionable statements to GAO’s undercover applicants. In particular, so the report, admissions or financial aid representatives at all 15 for-profit colleges provided our undercover applicants with deceptive or otherwise questionable statements, which included information about the college’s accreditation, graduation rates and its student’s prospective employment and salary qualifications, duration and cost of the program, or financial aid. Representatives at schools also employed hard-sell sales and marketing techniques to encourage students to enroll, so the report.

Shares ofStrayer Education Inc (NASDAQ: STRA) traded in 2006 closely above $100 and doubled within the past four years to over $250 per share in April and June 2010. But STRA shares lost substantially in value in the beginning of 2009 from almost $230 per share in January to under $160 per share in March 2009. Eventually STRA shares regained value to its current 52weekHigh of $262.44 per share before substantially in the past weeks. Alone from closing on Friday August 13, 2010 to closing on Monday August 16, 2010 STRA shares lost almost $40 per share. STRA shares traded at more than $100 below its 52weekHigh in August and September 2010. Recently NASDAQ: STRA shares traded at $131.48 per share.