SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

March 02, 2015 13:51 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Bridgepoint Education, Inc. of PENDENCY OF CLASS ACTION Lawsuit and a Lead Plaintiff DEADLINE of April 27, 2015 -- BPI

NEW YORK, NY--(Marketwired - Mar 2, 2015) - The following statement is being issued by Levi & Korsinsky, LLP:

TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED AMERICAN DEPOSITORY SHARES OF BRIDGEPOINT EDUCATION, INC. (NYSE: BPI) BETWEEN AUGUST 7, 2012 AND MAY 30, 2014

YOU ARE HEREBY NOTIFIED that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of California. If you purchased or otherwise acquired Bridgepoint American Depository Shares between August 7, 2012 and May 30, 2014, YOUR RIGHTS MAY BE AFFECTED BY THIS ACTION.

To get more information, click here: http://zlk.9nl.com/bridgepointeducation. There is no cost or obligation to you.

The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose that: (a) the Company had applied an improper revenue recognition methodology to assess collectability of funds owed by students; (b) as a result, the Company's revenues and financial results were overstated; (c) the Company's financial statements were not prepared in accordance with Generally Accepted Accounting Principles (GAAP); and (d) the Company lacked adequate internal and financial controls.

If you suffered a loss in Bridgepoint you have until April 27, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/bridgepointeducation.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.