Adtalem Global Education, Inc. (NYSE:ATGE) is currently under investigation by Pomerantz LLP, a renowned law firm specializing in corporate, securities, and antitrust class litigation. The investigation aims to determine whether Adtalem and certain officers and directors have engaged in securities fraud or other unlawful business practices. Investors who have been affected are encouraged to reach out to Danielle Peyton at newaction@pomlaw.com or call 646-581-9980, ext. 7980.
The investigation was prompted by a recent report from CNBC, where Fahmi Quadir of Safkhet Capital expressed concerns about Adtalem’s practices. Quadir, who had taken a short position in Adtalem Global Education shares, criticized the company as a “toxic byproduct of an imperfect higher education system.” She further alleged that Adtalem’s schools burden students with excessive debt and claimed that the company is fraught with existential risks.
Following the news, Adtalem’s stock price experienced a decline of $10.95 per share, representing an 18.68% drop, closing at $47.68 per share on January 30, 2024.
Pomerantz LLP, a legal powerhouse with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, has a long-standing reputation for fighting for the rights of victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. Founded by the late Abraham L. Pomerantz, a pioneer in the field of securities class actions, the firm has successfully recovered billions of dollars in damages on behalf of class members.
Adtalem Global Education is a leading global education provider, offering a diverse range of programs and services to empower students and professionals worldwide. The company is committed to delivering high-quality education and fostering student success. With a portfolio of reputable schools, Adtalem strives to provide students with the knowledge and skills necessary to thrive in their chosen fields.
While the investigation is ongoing, it is important to note that allegations made in such cases do not guarantee the existence of any wrongdoing. Adtalem Global Education remains dedicated to its mission of providing accessible and impactful education, and it will cooperate fully with the investigation to ensure transparency and accountability.
Investors and stakeholders can stay informed about any developments in this matter through Pomerantz LLP’s website at www.pomlaw.com.
Please note that this article is for informational purposes only and should not be considered as legal advice.
