Grand Canyon Education Securities Litigation Settlement
Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases
Closed to new claims. Browse open settlements →
Where this case stands
Final approval granted August 22, 2024
Claims closed. Once the time to appeal has run, the administrator pays valid claims; that usually takes three to twelve months after approval.
Pending in the U.S. District Court, District of Delaware (No. 20-cv-00639-JLH-CJB).
- May 12, 2020Case filed
- May 1, 2024Preliminary approval
The court allowed notice of the proposed settlement to go out to the class.
- August 22, 2024Final approval hearing
The court hears any objections and decides whether to approve the settlement.
- August 22, 2024Final approval granted
- August 22, 2024Case closed by the court
What happened
Grand Canyon Education, Inc. and executives Brian Mueller and Daniel Bachus allegedly made false and misleading statements about the 2018 sale of Grand Canyon University to an Arizona nonprofit corporation, violating federal securities laws. The defendants deny all allegations and agreed to settle to eliminate the uncertainty and expense of continued litigation.
Do you qualify?
All persons or entities who purchased Grand Canyon common stock during the period from January 5, 2018 through January 27, 2020, inclusive, and who were damaged thereby. Certain persons and entities are excluded by definition or if they requested an exclusion.
How to file
The claims administration process has concluded and distributions are occurring. Eligible Court-approved claimants who filed valid and timely claim forms will receive payments from the Net Settlement Fund according to the Court-approved Plan of Allocation. Contact the Claims Administrator at 855-208-4129 or info@GrandCanyonSecuritiesLitigation.com for more information.
Common questions
- How much does the Grand Canyon Education Securities Litigation Settlement pay?
- The settlement fund is $25.5M.Why settlement checks are smaller than the headline number →
- What is the status of the Grand Canyon Education Securities Litigation Settlement?
- Final approval granted August 22, 2024. Claims closed. Once the time to appeal has run, the administrator pays valid claims; that usually takes three to twelve months after approval.
- Is the Grand Canyon Education Securities Litigation Settlement notice real, or a scam?
- JND Legal Administration is the court-appointed administrator. Claims are filed only at grandcanyonsecuritieslitigation.com. Filing is always free, and no administrator asks for payment or a full Social Security number by email or text.How to tell a real settlement notice from a scam →
- Who are the attorneys in the Grand Canyon Education Securities Litigation Settlement?
- For the plaintiffs: Ryan M. Ernst (Bielli & Klauder, LLC); Aaron L. Castle; Robert F. Kravetz; Michael M. Mathai. For Grand Canyon Education, Inc., Brian E. Mueller, Daniel E. Bachus: Evan Glustrom; Timothy J. Fitzmaurice; Samuel C. Feldman (UNDELIVERABLE EMAIL 5/26/2021); John L. Latham. From the public court docket.
Who's involved
Plaintiffs
- Grant Walsh
- Oakland County Voluntary Employees Beneficiary Association Trust
- Oakland County Employees Retirement System
- Fire and Police Pension Association of Colorado
- The City of Hialeah Employees' Retirement System
Defendants
- Daniel E. Bachus
- Brian E. Mueller
- Grand Canyon Education, Inc.
Counsel for plaintiffs
- Ryan M. ErnstBielli & Klauder, LLCRepresents Grant Walshrernst@bk-legal.com · (302) 321-5411
- Aaron L. CastleRepresents Oakland County Employees Retirement System, Oakland County Voluntary Employees Beneficiary Association Trust
- Robert F. KravetzRepresents Fire and Police Pension Association of Colorado, Oakland County Employees Retirement System, Oakland County Voluntary Employees Beneficiary Association Trust
- Michael M. MathaiRepresents Fire and Police Pension Association of Colorado, Oakland County Employees Retirement System, Oakland County Voluntary Employees Beneficiary Association Trust
- Katherine M. SindersonRepresents Fire and Police Pension Association of Colorado, Oakland County Employees Retirement System, Oakland County Voluntary Employees Beneficiary Association Trust
- Jeffrey W. GolanRepresents Fire and Police Pension Association of Colorado, Oakland County Employees Retirement System, Oakland County Voluntary Employees Beneficiary Association Trust
- Jeffrey B. GittlemanRepresents Fire and Police Pension Association of Colorado, Oakland County Employees Retirement System, Oakland County Voluntary Employees Beneficiary Association Trust
- Chad A. CarderRepresents Fire and Police Pension Association of Colorado, Oakland County Employees Retirement System, Oakland County Voluntary Employees Beneficiary Association Trust
- Benjamin W. HorowitzRepresents Fire and Police Pension Association of Colorado, Oakland County Employees Retirement System, Oakland County Voluntary Employees Beneficiary Association Trust
- Gregory V. VaralloBernstein Litowitz Berger & Grossman LLPRepresents The City of Hialeah Employees' Retirement System, Fire and Police Pension Association of Colorado, Oakland County Employees Retirement System, Oakland County Voluntary Employees Beneficiary Association Trustgreg.varallo@blbglaw.com · (302) 651-7772
Counsel for defendants
- Evan GlustromRepresents Grand Canyon Education, Inc., Brian E. Mueller, Daniel E. Bachus
- Timothy J. FitzmauriceRepresents Grand Canyon Education, Inc., Brian E. Mueller, Daniel E. Bachus
- Samuel C. FeldmanUNDELIVERABLE EMAIL 5/26/2021Represents Grand Canyon Education, Inc., Brian E. Mueller, Daniel E. Bachus
- John L. LathamRepresents Grand Canyon Education, Inc., Brian E. Mueller, Daniel E. Bachus
- Cara M. PetermanRepresents Grand Canyon Education, Inc., Brian E. Mueller, Daniel E. Bachus
- Ronald N. Brown , IIIDLA Piper LLP (US)Represents Grand Canyon Education, Inc., Brian E. Mueller, Daniel E. Bachusronald.brown@dlapiper.com · (302) 468-5665
- Peter H. KyleDLA Piper LLPRepresents Grand Canyon Education, Inc., Brian E. Mueller, Daniel E. Bachuspeter.kyle@dlapiper.com · (302) 468-5643
Other cases these firms appear in
- Turquoise Hill Resources Ltd. Securities Litigation Settlement · Bernstein Litowitz Berger & Grossman LLP
- Six Flags Securities Litigation Settlement · Bernstein Litowitz Berger & Grossman LLP
- Energy Transfer Securities Litigation Settlement · Bernstein Litowitz Berger & Grossman LLP
- Venator Materials PLC Securities Litigation Settlement · Bernstein Litowitz Berger & Grossman LLP
- Penning v. Farmers Insurance Company Fraud Class Action · DLA Piper LLP (US)
From the public court docket, contact details as filed; not an endorsement.
In the news
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Guides:Why is my settlement check so small?How long a settlement takes to pay outIs this settlement notice real, or a scam?
Summarised from public settlement documents; confirm terms on the official settlement website. ClaimWatch is not a law firm, and filing a claim is free.