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Grand Canyon Education, Inc.

(NASDAQ GS: LOPE)

Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Grand Canyon Education, Inc. (“Grand Canyon”) on behalf of stockholders.  A class action complaint has been filed against Grand Canyon.  The complaint alleges that defendants inflated Grand Canyon’s financial results by using a non-profit independent entity, Grand Canyon University (“GCU”), as an off-balance-sheet entity to which Grand Canyon was able to funnel expenses and costs in exchange for a disproportionate amount of revenue.  Defendants repeatedly made false and misleading statements to investors describing GCU as a “non-profit” and “independent” institution and misstating Grand Canyon’s role as a third-party provider of education services.  As a result, shares of Grand Canyon’s common stock traded at artificially inflated prices.

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: 05/17/2022


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