CURRENT SHAREHOLDERS: Zamansky LLC Investigates Grand Canyon Education, Inc. (NASDAQ: LOPE) for Potential Breaches of Fiduciary Duties

Zamansky LLC announces that it is investigating Grand Canyon Education, Inc. (LOPE) (Grand Canyon or the Company) for potential breaches of fiduciary duties by Grand Canyons senior officers and board of directors.

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Thursday, May 14, 2020
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Legal, Professional services, Law, Companies, Business, Common law, Equity, Fiduciary, Business law, Jake Zamansky, Zamansky, Board of directors, Grand Canyon University, Limited liability company
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Summary
Key Points: 
  • Zamansky LLC announces that it is investigating Grand Canyon Education, Inc. (LOPE) (Grand Canyon or the Company) for potential breaches of fiduciary duties by Grand Canyons senior officers and board of directors.
  • If you are a shareholder of Grand Canyon who still holds your shares, please contact our firm for information.
  • A series of recent revelations have come to light regarding Grand Canyons spin-off of its education assets to become purported non-profit, independent entity Grand Canyon University (GCU).
  • According to Jake Zamansky, investment fraud attorney, Grand Canyons officers and directors owe the Company and its shareholders fiduciary duties.


Zamansky LLC announces that it is investigating Grand Canyon Education, Inc. (LOPE) (“Grand Canyon” or the “Company”) for potential breaches of fiduciary duties by Grand Canyon’s senior officers and board of directors. If you are a shareholder of Grand Canyon who still holds your shares, please contact our firm for information.

A series of recent revelations have come to light regarding Grand Canyon’s spin-off of its education assets to become purported non-profit, independent entity Grand Canyon University (“GCU”). A September 2019 investigation by Citron Research into Grand Canyon’s financials has allegedly found that the Company “is stuffing GCU with expenses to inflate its own profitability and as a result bankrupting GCU.” In November 2019, Grand Canyon announced that the U.S. Department of Education (“DOE”) had denied its application for designation of GCU as a non-profit, based on the DOE’s finding that GCU was Grand Canyon’s “captive client.” In January 2020, Citron Research published a second report expanding on the DOE’s findings, citing supporting documentation from Grand Canyon that it had obtained through the Freedom of Information Act, and describing Grand Canyon as the “educational Enron.”

According to Jake Zamansky, investment fraud attorney, Grand Canyon’s officers and directors owe the Company and its shareholders fiduciary duties. “The recent announcements regarding these very serious allegations raise potential concern for investors,” Zamansky says. “Our law firm is investigating whether the officers and directors have breached their duties to Grand Canyon and its shareholders.”

What Grand Canyon Shareholders Can Do

If you are a current shareholder of Grand Canyon who still holds your stock, please contact us to review or discuss your legal rights. You may, without obligation or cost to you, email [email protected] or call the law firm at (212) 742-1414.

About Zamansky LLC

Zamansky LLC is a leading investment fraud law firm with experience handling securities, hedge fund, ERISA and other shareholder class action and derivative litigation. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.

To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.

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