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Investigations into Securities Violations
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Investigations by Bragar Eagel & Squire, P.C. are being conducted on behalf of long-term stockholders against Grand Canyon Education, Inc., DermTech, Inc., SunPower Corporation, and AdaptHealth Corp. for potential violations of federal securities laws and breaches of fiduciary duties by their respective boards of directors. Allegations include using a captive subsidiary to hide liabilities, making false and misleading statements, and failing to disclose material adverse facts, leading to significant charges to restate prior reporting and a substantial decline in stock prices.
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How might these investigations impact the reputation and financial stability of the companies involved?
How might these investigations reflect broader trends in corporate governance and transparency?
What measures can companies take to ensure compliance with federal securities laws and avoid potential violations?
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