NEW YORK, Nov. 12, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Western District of Pennsylvania on behalf of investors who purchased Education Management Corporation ("Education Management" or the "Company") (Nasdaq:EDMC) common stock between August 8, 2012 and September 16, 2014.
For more information, click here: http://zlk.9nl.com/education-management-edmc.
The complaint alleges that throughout the Class Period the Company violated federal securities laws by failing to adequately disclose that: (a) the Company was overstating revenue by properly increasing its bad debt reserve upon student withdrawal; (b) it was overstating its goodwill; (c) it was manipulating federal student loan and grant programs in order to appear to be in compliance with federal regulations enacted in June 2011; and (d) otherwise engaged in improper recruiting and enrollment practices.
If you suffered a loss in Education Management you have until November 18, 2014 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/education-management-edmc.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's 28 attorneys have 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.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
