Adtalem Stock Lawsuit Investigation
At a glance
What is the Adtalem Securities Class Action Lawsuit Investigation about?Gibbs Law Group is investigating potential claims on behalf of Adtalem investors.
What did Adtalem do Wrong?We are investigating whether Adtalem has violated federal securities laws by providing false or misleading statements to investors.
What do you get out of this?This potential lawsuit seeks to help Adtalem shareholders recover their losses.
Lost Money in Adtalem?
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Why is ATGE stock dropping?
On January 30, 2024, Safkhet Capital published a blistering report, alleging that Adtalem, the for-profit education company, is “a toxic byproduct of an imperfect higher education system.” Safkhet Capital claims that Adtalem’s business model is “made possible by aggressive and sometimes deceptive tactics” adding that “[e]xpired program participation agreements across most of ATGE’s schools create the risk of greater collateral requirements and delays in the permitted drawdown of federal funds,” as reported by ZeroHedge. In November, Walden University which was acquired by Adtalem,was put under investigation by the Department of Education.
Following the short seller report, Adtalem stock plummeted over 23% in intraday trading on January 30th, causing significant harm to investors.
Our Securities Lawyers Have a Winning Record Against Companies Like Adtalem
Our securities lawyers have recovered over a billion dollars on behalf of our clients against behemoths, such as Chase Bank, Mastercard, and Anthem Blue Cross Blue Shield. Read more about our results.
You “shouldn’t presume that powerful banks and other powerful interests can just get away with doing bad things. Good, qualified counsel that are committed to a cause can usually figure out how to prosecute such cases effectively and prevail.”
–Eric Gibbs, award-winning securities attorney
Praise from the Courts
Federal judge in our AT&T class action:
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Federal judge in our Chase lawsuit (resulting in $100 million settlement):
They “fought tooth and nail, down to the wire” to achieve “the best settlement that they could under the circumstances.”
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