American Public Education, Inc. (NASDAQ GS: APEI) – Securities Fraud Investigation
Kehoe Law Firm, P.C. securities attorneys are investigating potential securities fraud class action lawsuit claims on behalf of purchasers of American Public Education, Inc. (“APEI”) (NASDAQ GS: APEI) common stock or other American Public Education securities in connection with a Civil Investigative Demand that the Attorney General of the Commonwealth of Massachusetts served on the Company.
Attorney General of the Commonwealth of Massachusetts Serves a Civil Investigative Demand
On August 3, 2017, APEI received from the Attorney General of the Commonwealth of Massachusetts a Civil Investigative Demand, or CID, dated July 31, 2017, relating to an investigation of alleged unfair or deceptive acts or practices by American Military University (“AMU”) in connection with the recruitment and retention of students and the financing of education. AMU is operated by APEI’s wholly-owned operating subsidiary, American Public University System, Inc.
According to APEI, the “CID requires the production of documents and information relating to recruitment, enrollment, job placement and other matters . . . [and APEI] cannot predict what affect, if any, the investigative demand will have on its financial position or results of operations.” On this news, American Public Education’s share price fell $2.70, or 12.47%, to close at $18.95 on August 9, 2017.
Have You Purchased or Acquired American Public Education Shares?
If you purchased or acquired APEI common stock or other securities and would like to speak privately with a securities attorney to learn more about the investigation and your potential legal rights, please fill out the form to the right or contact John Kehoe, Esq., (215) 792-6676, Ext. 801, [email protected]; Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected]; or send an e-mail to [email protected].
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors and consumers from corporate fraud, negligence, and other wrongdoing. Driven by a strong and principled sense of social responsibility and obtaining justice for the aggrieved, Kehoe Law Firm, P.C. represents plaintiffs seeking to recover investment losses resulting from securities fraud, breaches of fiduciary duty, corporate wrongdoing or malfeasance, those harmed by anticompetitive practices, and consumers victimized by fraud, false claims, deception or data breaches. Together, the partners of Kehoe Law Firm, P.C. have spent more than 30 years prosecuting precedent-setting securities and financial fraud cases in federal and state courts on behalf of institutional and individual clients.