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Case Status:    ONGOING    
On or around 01/29/2018 (Ongoing date of last review)

Filing Date: May 13, 2016

According to the law firm press release, DeVry provides educational services worldwide through a number of subsidiaries, including DeVry University, one of the largest degree-granting higher education systems in the United States. Through its five colleges, DeVry University offers programs in healthcare, business, technology, accounting, finance and law. The Company is incorporated in Delaware and maintains its principal executive offices in Downers Grove, Illinois.

The Complaint brings forth claims for violations of the Securities Exchange Act of 1934. The Complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose, among other things, that: (i) DeVry University engaged in a multi-year deceptive marketing and advertising campaign; (ii) DeVry University overstated its students’ ability to find employment after graduation (iii) DeVry University overstated the potential income its students could earn after graduation; (iv) and as a result, DeVry overstated its growth, revenue, and earnings potential by concealing the true employment prospects of DeVry University graduates to investors and potential students.

On August 24, 2016, the Court appointed Lead Plaintiff and Counsel. Lead Plaintiff filed an amended complaint on November 8. A second amended complaint was filed on December 23.

Defendants filed a Motion to Dismiss on January 27, 2017. On December 6, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiff was given leave to file an amended complaint. Lead Plaintiff filed a third amended Complaint on January 29, 2018.


Sector: Services
Industry: Schools
Headquarters: United States


Ticker Symbol: DV
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data

"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: N.D. Illinois
DOCKET #: 16-CV-05198
JUDGE: Hon. Jorge L. Alonso
DATE FILED: 05/13/2016
CLASS PERIOD END: 01/27/2016
  1. Law Office of Norman Rifkind
    100 E Huron Street #1306 , Law Office of Norman Rifkind, IL 60611
    (847)372-4747 ·
  2. Saxena White PA (Boca Raton)
    2424 N. Federal Highway, Suite 257, Saxena White PA (Boca Raton), FL 33431
    561.394.3399 561.394.3399 ·
No Document Title Filing Date
COURT: N.D. Illinois
DOCKET #: 16-CV-05198
JUDGE: Hon. Jorge L. Alonso
DATE FILED: 01/29/2018
CLASS PERIOD END: 01/27/2016
  1. Labaton Sucharow LLP
    140 Broadway, Labaton Sucharow LLP, NY 10005
    212.907.0700 212.818.0477 ·
  2. Wexler Wallace LLP (Chicago)
    55 West Monroe St. Ste. 3300, Wexler Wallace LLP (Chicago), IL 60603
    312.346.2222 312.346.2222 ·
No Document Title Filing Date