GPM Reminds Investors of the July 12 Deadline in the Class Action Lawsuit Against DeVry Education Group Inc.

LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray LLP ("GPM") reminds investors of the July 12, 2016 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the "Class") of investors who purchased DeVry Education Group Inc. ("DeVry" or the "Company") DV securities between February 4, 2011 through January 27, 2016, inclusive (the "Class Period"). DeVry investors have until July 12, 2016 to file a lead plaintiff motion.

According to the lawsuit, defendants misled investors regarding Company compliance with federal and state regulations. Specifically, the Company allegedly failed to disclose that: (1) DeVry engaged in a multi-year deceptive marketing and advertising campaign; (2) DeVry overstated its students' ability to find employment after graduation (3) DeVry overstated the potential income its students could earn after graduation; (4) DeVry overstated its growth, revenue, and earnings potential by concealing the true employment prospects of DeVry graduates to investors and potential students; and (5) as a result, defendants' statements about DeVry's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you purchased DeVry shares, you may move the Court no later than July 12, 2016 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160707005216/en/