DeVry Education Group is pleased with the decision issued May 8, 2014 by Judge John F. Grady of the U.S. District Court for the Northern District of Illinois. Judge Grady found that a securities fraud class action filed against DeVry Group and certain senior executives four years ago was a “strike suit,” or a suit filed without any legitimate basis for the purpose of obtaining a private settlement. The Court also held that DeVry Group presumptively is entitled to recover its reasonable attorneys’ fees and expenses for the entire action. “We are pleased with the Court’s decision. It confirms what we have known for four years – that this was a frivolous suit,” said Greg Davis, general counsel at DeVry Education Group. About DeVry Education Group The purpose of DeVry Education Group is to empower its students to achieve their educational and career goals. DeVry Education Group Inc. (NYSE: DV; member S&P MidCap 400 Index) is a global provider of educational services and the parent organization of American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College, Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine. These institutions offer a wide array of programs in business, healthcare, technology, accounting and finance.
More from Press Releases
NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling
The Supreme Court rules that previous congressional action forbidding states from legalizing sports betting was unconstitutional.
Walmart CEO: 'We Are Transforming Globally' With Flipkart
On its investor call on Wednesday morning, Walmart discusses the Flipkart deal.
March 24 Full-Day Course Offering: Professional Approach to Trading SPX
OptionsProfits, the CBOE, and Option Pit are hosting a class on March 24 that covers a wide variety of methods to trade the S&P 500.