SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors with Losses on Their Investment in Corinthian Colleges Inc. of Class Action Lawsuit and the Deadline of August 19, 2013 to Seek a Lead Plaintiff Position
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern District
of New York on behalf of investors who purchased Corinthian Colleges
(“Corinthian” or the “Company”) (NasdaqGS:COCO) stock between August 23,
2011 and June 10, 2013.
Click here to learn more about the investigation http://zlk.9nl.com/corinthian-colleges/,
or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that, throughout the Class Period, defendants made
materially false and misleading statements regarding the Company’s
business, operational, and compliance policies. In particular, it is
alleged that the Company made false and/or misleading statements and/or
failed to disclose that: (a) defendants manipulated federal student loan
and grant programs in order to appear compliant with federal regulations
enacted in June 2011; (b) defendants violated said regulations by
engaging in deceptive recruiting and enrollment practices; and (c) the
Company engaged in systemic grade falsification in order to appear in
conformance with said regulations.
On June 10, 2013, the Company disclosed it was under investigation by
the SEC. Shares of Corinthian stock fell to a close of $2.46 per share,
following a close of $2.79 per share prior to the disclosure.
If you suffered a loss in Corinthian you have until August 19, 2013 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn’t require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/corinthian-colleges/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, and Washington D.C. The firm has extensive expertise in
prosecuting securities litigation involving financial fraud,
representing investors throughout the nation in securities and
shareholder lawsuits. Attorney advertising. Prior results do not
guarantee similar outcomes.
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