NEW YORK, March 21, 2019 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces the
filing of a class action lawsuit on behalf of purchasers of the securities of Bridgepoint Education, Inc. (NYSE: BPI) from March 8,
2016 through March 7, 2019, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Bridgepoint investors under
the federal securities laws.
To join the Bridgepoint class action, go to https://www.rosenlegal.com/cases-register-1530.html or call Phillip Kim, Esq. or Zachary Halper,
Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or zhalper@rosenlegal.com for information on 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 ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT
THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.
According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or
failed to disclose that: (1) Bridgepoint’s processes for recording revenue for its Corporate Full Tuition Grant program were
inaccurate; (2) Bridgepoint maintained deficient internal controls; (3) due to the foregoing deficiencies, Bridgepoint was prone to
and did commit material accounting errors related to revenue, provision for bad debts, accounts receivable and deferred revenue,
which resulted in the overstatement of revenue and expenses; and (4) as a result, Bridgepoint’s public statements were materially
false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered
damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court
no later than May 10, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to https://www.rosenlegal.com/cases-register-1530.html or to discuss your rights or interests
regarding this class action, please contact Phillip Kim, Esq. or Zachary Halper, Esq. of Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or zhalper@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions
and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of
securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. Zachary Halper, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com zhalper@rosenlegal.com www.rosenlegal.com