Lead Plaintiffs Reach $15.5M Settlement In Securities Class Action Lawsuit
Mealey's (November 3, 2015, 11:26 AM EST) -- SAN DIEGO — A for-profit post-secondary education company and certain of its officers and directors have agreed to pay more than $15 million to settle claims that they misrepresented the accreditation status of one of the company’s colleges in violation of federal securities laws, according to court documents filed in a California federal court on Oct. 30 (In re Bridgepoint Education Inc. Securities Litigation, No. 12-1737, S.D. Calif.).
(Motion for preliminary approval of settlement available. Document #57-151116-013B.)
Under the terms of the settlement, which are subject...