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”)
(NasdaqGS: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.
Copyright Business Wire 2014