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Stock of highly controversial Bridgepoint Education, which is under investigation by several state and federal bodies, is up 1.04% to $16.49 this morning (July 25). Yesterday, after the company was sued by California to turn over records about hits marketing efforts, the stock dropped briefly, then recovered quickly and ended the day up 4 cents. The California Attorney General charges that Bridgepoint has refused to produce data from a computer system that collects information about its telemarketing efforts, according to Bloomberg News. The state is trying to determine whether Bridgepoint violated California law by making false or misleading statements about its telemarketing activities. What may be helping Bridgepoint stock is the Senate's 81-18 vote to compromise on student loans. About 11 million students would pay 3.86% on the next loans under legislation now headed for final passage by Congress, according to Bloomberg. Among original opponents was Sen. Tom Harkin of Iowa, who has called Bridgepoint a scam.
Stock of highly controversial Bridgepoint Education, which is under investigation by several state and federal bodies, is up 1.04% to $16.49 this morning (July 25). Yesterday, after the company was sued by California to turn over records about hits marketing efforts, the stock dropped briefly, then recovered quickly and ended the day up 4 cents. The California Attorney General charges that Bridgepoint has refused to produce data from a computer system that collects information about its telemarketing efforts, according to Bloomberg News. The state is trying to determine whether Bridgepoint violated California law by making false or misleading statements about its telemarketing activities. What may be helping Bridgepoint stock is the Senate's 81-18 vote to compromise on student loans. About 11 million students would pay 3.86% on the next loans under legislation now headed for final passage by Congress, according to Bloomberg. Among original opponents was Sen. Tom Harkin of Iowa, who has called Bridgepoint a scam.