new york, March 3, 2024 /PRNewswire/ — Pomerantz LLP is investigating allegations on behalf of investors in Adtalem Global Education, Inc. (“Adtalem” or the “Company”) (NYSE: ATGE).Such investors are encouraged to contact daniel payton in [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Adtalem and certain of its officers and/or directors were involved in securities. scam or any other illegal commercial activity.
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upon January 30, 2024reported CNBC. Fahmi Qudir Safket Capital's firm took a short position in Adtalem Global Education shares, writing that the company is a “toxic byproduct of a flawed higher education system.” Quadir opined that the schools in Adtalem's portfolio were pushing students into unbearable debt, saying: “Adtalem is completely uninvestable and many of the existential risks that exist today are focused on this company. This should cause alarm for investors.”
Adtalem's stock price fell on this news. $10.95 per share or 18.68% $47.68 per share January 30, 2024.
Pomerantz LLP, whose offices are: new york, Chicago, Los Angeles, London, Parisand tel avivis recognized as one of the premier firms in the areas of corporate litigation, securities litigation, and antitrust class action litigation.Founded by the deceased Abraham L. PomerantzPomerantz, known as the Director of Class Action Lawyers, pioneered the field of securities class action litigation. Today, more than 85 years later, Pomerantz continues the tradition he established, fighting for the rights of securities victims. scam, breach of fiduciary duty, corporate misconduct. Our firm has recovered billions of dollars in damages on behalf of class participants. Visit www.pomlaw.com.
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contact:
daniel payton
Pomerantz LLP
[email protected]
646-581-9980 extension 7980
SOURCE Pomerantz LLP
