SOURCE: Saxena White P.A.

May 13, 2016 18:00 ET

Saxena White P.A. Files Securities Fraud Class Action Against DeVry Education Group, Inc.

BOCA RATON, FL--(Marketwired - May 13, 2016) - Saxena White P.A. has filed a securities fraud class action lawsuit in the United States District Court for the Northern District of Illinois against DeVry Education Group, Inc. ("DeVry" or the "Company") (NYSE: DV) on behalf of investors who purchased or otherwise acquired the common stock of the Company during the period between February 4, 2011 and January 27, 2016, inclusive (the "Class Period").

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.

You may obtain a copy of the Complaint and join the class action at www.saxenawhite.com.

If you purchased DeVry stock between February 4, 2011 and January 27, 2016, inclusive, you may contact Lester Hooker (lhooker@saxenawhite.com) at Saxena White P.A. to discuss your rights and interests.

If you purchased DeVry common stock during the Class Period of February 4, 2011 and January 27, 2016, and wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the Court by no later than July 12, 2016. You may contact Saxena White P.A. to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. Please note that you may also retain counsel of your choice and need not take any action at this time to be a class member.

Saxena White P.A., located in Boca Raton, Florida, concentrates its practice on prosecuting securities fraud and complex class actions on behalf of institutions and individuals. Currently serving as lead counsel in numerous securities fraud class actions nationwide, the firm has recovered hundreds of millions of dollars on behalf of injured investors and is active in major litigation pending in federal and state courts throughout the United States.

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