SOURCE: Brower Piven, A Professional Corporation

October 25, 2010 12:37 ET

Brower Piven Encourages Investors Who Have Losses in Excess of $1,000,000 From Investment in Strayer Education, Inc. to Inquire About the Lead Plaintiff Position in Securities Fraud Class Action Lawsuit Before the December 14, 2010 Lead Plaintiff Deadline

STEVENSON, MD--(Marketwire - October 25, 2010) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Middle District of Florida on behalf of purchasers of the common stock of Strayer Education, Inc. ("Strayer" or the "Company") (NASDAQ: STRA) during the period between November 1, 2007 and August 13, 2010, inclusive (the "Class Period").

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than December 14, 2010 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff.

The complaint charges Strayer and certain of its officers and executive with violations of the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose during the Class Period that the Company had engaged in improper and deceptive recruiting and financial aid lending practices and, due to the government's scrutiny into the for-profit education sector, the Company would be unable to continue these practices in the future; the Company failed to maintain proper internal controls; and many of the Company's programs were in jeopardy of losing their eligibility for federal financial aid. According to the complaint, after the U.S Department of Education released data on federal student-loan repayment rates at the nation's colleges and universities showing that repayment rates were 54% at public colleges and 56% at private non-profit institutions, compared to just 36% at for-profit colleges and showing that the repayment rates at Strayer were just 25%, the value of Strayer stock declined significantly.

If you have suffered a net loss for all transactions in Strayer Education, Inc. common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at, by email at, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 50 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.

Contact Information

    Charles J. Piven
    Brower Piven, A Professional Corporation
    Stevenson, Maryland
    Email Contact