This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Milberg LLP Files Class Action Against Bridgepoint Education, Inc. -- Launches Case Website --

Milberg LLP has filed a federal securities class action against Bridgepoint Education, Inc. ("Bridgepoint" or the "Company") (NYSE:BPI) and certain of its officers and directors alleging violations of the Securities Exchange Act of 1934. The action (3:12-cv-01841), filed in the United States District Court for the Southern District of California, is on behalf of purchasers of Bridgepoint common stock between May 3, 2011 and July 12, 2012, inclusive (the "Class Period").

Milberg LLP has created a website ( that seeks to answer common questions about shareholder class actions.

The Complaint alleges that throughout the Class Period defendants misrepresented and/or failed to disclose that: (1) the Company did not employ sufficient plans, procedures and practices to help students finish their academic programs; (2) the Company failed to provide adequate resources, thus preventing its students from moving forward to acceptable levels; (3) the Company’s Ashford University failed to uphold an ample number of faculty and programs, resulting in meager instruction and low completion rates by students; (4) the Company had insufficient review measures such that shortfalls in completion rates were not appropriately recognized and corrected; (5) Ashford University failed to preserve an empowered and independent governing board; and (6) as a result of the above, the Company’s financial statements were materially false and misleading.

On July 9, 2012, Bridgepoint disclosed that Ashford University was denied accreditation by the Accrediting Commission for Senior Colleges and Universities of the Western Association of Schools and Colleges (“WASC”). In response, shares fell $7.25 per share, or 33.72%.

On July 13, 2012, the Company disclosed that Ashford University received a letter from the Higher Learning Commission (“HCL”) of the Northern Central Association of schools and Colleges requiring it “to provide certain information and evidence of compliance with HCL accreditation standards.” In response, shares fell $3.20 per share, or 24.67%.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.40 1.90%
FB $117.62 -0.80%
GOOG $690.33 -1.10%
YHOO $35.86 -1.80%
TSLA $233.22 -3.50%


Chart of I:DJI
DOW 17,628.94 -121.97 -0.69%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs