Then, on July 13, 2012, the Company disclosed that Ashford received a letter from WASC requiring Ashford “to provide certain information and evidence of compliance with HLC accreditation standards.” On this news, Bridgepoint stock fell $3.20, or almost 25%, to close at $9.77 per share on July 13, 2012.About Lieff Cabraser Lieff Cabraser is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Since 2003, the National Law Journal has selected Lieff Cabraser as one of the top plaintiffs’ law firms in the nation. Lieff Cabraser is one of only two plaintiffs’ law firms in the United States to receive this honor for the last nine consecutive years. For more information about Lieff Cabraser and the firm’s representation of investors, please visit http://www.lieffcabraser.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.