DeVry Successor To Pay $27.5M To Settle Shareholder Claims In Stock Drop Suit

Mealey's (September 4, 2019, 1:51 PM EDT) -- CHICAGO — For-profit college operator Adtalem Global Education Inc. will pay $27.5 million to settle investor claims that it misrepresented statistics related to its job-placement rates and concealed information regarding regulatory agency investigations into its business operations, a shareholder asserts in an Aug. 30 motion for preliminary approval of settlement filed in Illinois federal court (Pension Trust Fund for Operating Engineers v. DeVry Education Group Inc., et al., No. 16-5198, N.D. Ill.)....