Adtalem Global Education, Inc. (NYSE: ATGE)

This investigation is for anyone who acquired securities in Adtalem Global Education, Inc. (NYSE: ATGE) prior to January 30, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by failing to disclose to investors that its business model was to lie to customers/students about their chance for graduation and/or job prospects if they graduated to fraudulently entice those customers to purchase an education, thus subjecting the Company to poor business relations and enhanced regulatory scrutiny.

On January 30, 2024, Safkhet Capital Research published a report alleging, among other things, that Adtalem’s business model is “fast and loose admissions made possible by aggressive and sometimes deceptive tactics,” specifying that Adtalem students are “funneled into a system” where they may be “[s]trung along for years, with no clear path towards graduation,” used as a “liquidity tap, but discarded before they can be a drag on the quality metrics used to attract prospective students,” or “denied an education sufficient for career success or even eventual full loan repayment.” The report further alleges that Adtalem is “teetering towards a reckoning as its nearsighted business decisions clash with historically high interest rates, looming regulations, and a generation of students now empowered to fight back.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Adtalem Global Education, Inc. (NYSE: ATGE) prior to January 30, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.