Faruqi and Faruqui, LLP Logo
Share this page

Bridgepoint Education, Inc. (BPI)

(NYSE: BPI)

Summary

Faruqi & Faruqi, LLP is Investigating Bridgepoint Education, Inc. on Behalf of its Shareholders (BPI)

Faruqi & Faruqi, LLP, a national law firm concentrating on investor rights, consumer rights and the enforcement of federal antitrust laws, is investigating potential wrongdoing at Bridgepoint Education, Inc. (“Bridgepoint” or the “Company”) (NYSE: BPI).  The investigation focuses on whether certain executive officers and directors of Bridgepoint breached their fiduciary duties by causing the Company to, among other things, improperly compensate its admission personnel at Ashford University.  Bridgepoint is the parent company of Ashford University, an academic institution.

In a filing with the Securities and Exchange Commission on October 15, 2012, Bridgepoint announced it had received a letter from the United States Department of Justice (“DOJ”), stating that the DOJ is investigating Bridgepoint  over the compensation of its admissions staff. The investigation is a follow-up to a 2011 audit by the Education Department’s Inspector General that found that Ashford University may have violated a federal ban on incentive compensation for college recruiters.

The DOJ investigation comes three months after Ashford was denied initial accreditation by the Western Association of Schools and Colleges for not complying with certain standards, including spending more money on student recruitment than education. The accreditation denial was followed by increased scrutiny from Ashford’s current accrediting body, the Higher Learning Commission.

If you hold BPI shares and you would like to discuss your legal rights, contact us by calling Michael J. Hynes free at 877-247-4292 or at 215-277-5770 or by sending an e-mail to mhynes@faruqilaw.com.

Request Information

Please tell us about yourself by completing the form below and we will provide you with additional
information on how to join the Action.

  • Company:
    Bridgepoint Education, Inc. (BPI)
  •    
  • * The submission of this form does not create an attorney-client relationship.

    Contact Counsel


    Faruqi & Faruqi, LLP
    101 Greenwood Avenue Suite 600
    Jenkintown, PA 19046
    Tel: (215) 277-5770

    Email:

    Send Information

    If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.