Earlier Today, FTC Sued Grand Canyon University For Deceptive Advertising And Illegal Telemarketing
Portfolio Pulse from Benzinga Newsdesk
The FTC has filed a lawsuit against Grand Canyon University, its marketer, and its CEO for deceptive advertising regarding the cost and course requirements of its doctoral programs, as well as its nonprofit status. The lawsuit also alleges that the university engaged in illegal telemarketing practices.
December 27, 2023 | 9:19 pm
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Grand Canyon University, associated with Grand Canyon Education Inc. (LOPE), is facing a lawsuit from the FTC for deceptive advertising and illegal telemarketing, which could negatively impact the company's reputation and financials.
The lawsuit by the FTC is a significant legal challenge that could lead to financial penalties and damage to the university's reputation. As Grand Canyon University is a significant part of Grand Canyon Education Inc.'s operations, this negative publicity and potential financial impact are likely to affect investor sentiment and the stock price of LOPE in the short term.
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