CURRENT SHAREHOLDERS: Zamansky LLC Investigates Bridgepoint Education, Inc. (BPI) for Potential Breaches of Fiduciary Duties

Zamansky LLC announces that it is investigating Bridgepoint Education, Inc. (NYSE: BPI) (“Bridgepoint” or the “Company”) for potential breaches of fiduciary duties. Specifically, the investigation concerns the Company’s accounting practices and its purported failure to properly record revenue, including alleged material accounting errors related to bad debts, accounts receivable and deferred revenue. If you are a Bridgepoint shareholder and still hold your BPI shares, please contact our firm for further information.

Pursuant to a recent SEC filing, Bridgepoint disclosed that its Audit Committee had “concluded that the Company’s previously issued unaudited condensed financial statements for the three and nine months ended September 30, 2018” contained errors related to the process for “recording the revenue for [its] Full Tuition Grant program….” Accordingly, Bridgepoint now plans to restate its unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2018. Following release of this news, Bridgepoint shares have declined approximately 25% in value.

According to Jake Zamansky, an investment fraud attorney, Bridgepoint’s officers and directors owe the Company and its shareholders fiduciary duties. “Upon initial review of Bridgepoint and its accounting practices and internal compliance policies, shareholders may well have suffered damages as a result of the Company’s previous misstatements and errors,” Zamansky says. “As we continue our investigation into this matter, our law firm will review whether certain of Bridgepoint’s officers and directors may have breached their duties to the Company.”

What Bridgepoint Shareholders Can Do

If you are a current shareholder of Bridgepoint, please contact us to review or discuss your legal rights. You may, without obligation or cost to you, email [e-mail] or call the law firm at [phone].

About Zamansky LLC

Zamansky LLC is a leading investment fraud law firm with experience handling securities, hedge fund, ERISA and other shareholder class action and derivative litigation. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.

To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190312005826/en/

Zamansky LLCJake Zamansky, [e-mail]