We are investigating Grand Canyon Education, Inc. (LOPE) (“Grand Canyon” or the “Company”) for potential violations of the federal securities laws.
On January 28, 2020, the investment analyst Citron Research (“Citron”) issued a report on Grand Canyon Education entitled “GCE, the Educational Enron.” The Citron report alleged that Grand Canyon was improperly using a “captive, non-reporting subsidiary to hide its liabilities,” thereby “artificially inflat[ing] the [company’s] stock price.” On this news, Grand Canyon’s stock price fell sharply during intraday trading on January 28, 2020.