PHILADELPHIA, July 06, 2020 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. continues its investigation of potential securities claims on behalf of shareholders of Grand Canyon Education, Inc. (“Grand Canyon” or the “Company”) (NASDAQ: LOPE) to determine whether Grand Canyon may have violated federal securities laws.

Investors who purchased, or otherwise acquired, securities of Grand Canyon between January 5, 2018 and January 27, 2020, both dates inclusive (the “Class Period”), and suffered losses greater than $100,000 are encouraged to complete Kehoe Law Firm’s Securities Class Action Questionnaire or contact Kevin Cauley, Director, Business Development, (215) 792-6676, Ext. 802, securities@kehoelawfirm.com, to discuss the investigation or potential legal claims.

According to a class action lawsuit filed on behalf of Grand Canyon investors, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that (1) Grand Canyon University (“GCU”) is not a proper non-profit organization as it remains under the control of Grand Canyon; (2) Grand Canyon would not be a third-party service provider to GCU, but rather continued to effectively operate the entity; (3) Grand Canyon employees served as executives of GCU; and (4) GCU functions as an off-balance-sheet entity to which Grand Canyon is able to funnel expenses and costs in exchange for a disproportionate amount of revenue, thereby inflating Grand Canyon’s financial results.

If you wish to serve as lead plaintiff, you must move the Court no later than July 13, 2020.  To be a member of the class action, you do not need to take any action at this time; you may retain counsel of your choice; or you can take no action and remain an absent member of the class action. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel, unless you retain an attorney. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct.  Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion dollars on behalf of institutional and individual investors.   

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