HENDERSONVILLE, Tenn.,
March 22, 2019 /PRNewswire-PRWeb/ --
THIS IS AN ADVERTISEMENT.
The Law Offices of Timothy L.
Miles announces an investigation on behalf of Bridgepoint
Education, Inc. ("Bridgepoint" or the "Company") (NYSE: BPI)
investors concerning the Company and its officers' possible
violations of federal securities laws.
If you wish to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Timothy L. Miles, Esquire, at 615-587-7384,
Toll-Free at 855-846-6529, or by email to tmiles@timmileslaw.com,
or visit the firm's website at http://www.timmileslaw.com.
in March 7, 2019, Bridgepoint
announced that it had "determined to restate the Company's
previously issued unaudited condensed consolidated financial
statements and advised that those financial statements should not
be relied upon, for the three and nine months ended September 30, 2018." Bridgepoint stated that the
process used for recording revenue for the Full Tuition Grant
program portion of its student contracts "were not designed with
sufficient precision," leading to "material" accounting errors
related to revenue, provision for bad debts, accounts receivable
and deferred revenue, which resulted in the overstatement of
revenue and expenses. Bridgepoint also identified weaknesses in
internal controls.
On this news, shares of Bridgepoint fell $3.21, or 34%, to close at $6.22 on March 7,
2019, thereby injuring investors.
If you purchased Bridgepoint securities, have information, or
would like to learn more about these claims, or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Timothy L. Miles, Esquire, at 615-587-7384,
Toll-Free at 855-846-6529, or by email to tmiles@timmileslaw.com. f
you inquire by email please include your mailing address, telephone
number, and the number of shares purchased.
THIS IS AN ADVERTISEMENT.
SOURCE The Law offices of Timothy L.
Miles