Los Angeles, California--(Newsfile Corp. - January 30, 2024) - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Adtalem Global Education Inc. ("Adtalem" or "the Company") (NYSE: ATGE) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Adtalem is the subject of a report published by CNBC on January 30, 2024, titled: "Fahmi Quadir, short seller nicknamed 'The Assassin,' takes aim at for-profit college giant Adtalem." According to the article, short seller Fahmi Quadir's firm Safkhet Capital describes the Company as, ""a toxic byproduct of an imperfect higher education system." Quadir told CNBC that, ""We believe that Adtalem is completely uninvestable, the number of existential risks that exists today should cause alarm for any investor that's looking into this company." Based on this news, shared of Adtalem traded down by more than 17% in pre-market trading on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
info@schallfirm.com
www.schallfirm.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/196172
