Wexler Wallace Appointed Liaison Counsel in DeVry Securities Class Action
Wexler Wallace LLP was recently appointed Liaison Counsel in a securities class action against DeVry Education Group, Inc. and others. Spector Roseman Kodroff & Willis, P.C. will be Lead Counsel. The case involves allegations that DeVry, one of the largest degree-granting higher education systems in the United States, deceptively claimed, among other things, that 90% of its graduates actively seeking employment landed jobs in their field of study within six months of graduation. The lawsuit seeks monetary relief for investors who suffered losses due to the decline in market value of DeVry’s securities following disclosures that DeVry could not substantiate its employment-related claims.