Bridgepoint Ducking Subpoena Over Marketing, Calif. AG Says

Law360, New York (July 24, 2013, 7:03 PM EDT) -- The California attorney general’s office lodged a petition in state court Wednesday after private equity-backed online college operator Bridgepoint Education Inc. allegedly failed to comply with investigators’ demands in an ongoing probe of its sales strategies.

San Diego-based Bridgepoint, a portfolio company of private equity behemoth Warburg Pincus LLC, allegedly missed a June 26 deadline to respond to a subpoena asking for audio recordings and transcripts of its telemarketing calls to prospective students.

The information is “critical” to Attorney General Kamala Harris’ ongoing investigation into whether...
To view the full article, register now.