Shareholder rights law firm Johnson & Weaver, LLP has commenced an
investigation into whether certain officers and directors of Universal
Technical Institute, Inc. (NYSE: UTI) violated federal laws. Universal
Technical Institute engages in the provision of postsecondary education
for students seeking careers as professional automotive, diesel,
collision repair, motorcycle and marine technicians in the United States.
On July 24, 2015, Universal Technical Institute reported in a SEC filing
it had received a subpoena from the U.S. Attorney's Office for the
Western District of North Carolina. The subpoena covers a broad range of
matters relating to the Company's Mooresville, North Carolina campus
operations over the past several years. The U.S. Attorney also seeks
documents and information relating to the Company's compliance with the
"90/10 rule," and other Company programs and practices.
In mid-morning trading on July 24, 2015, the stock was trading down over
23% on heavy volume.
If you have information that could assist in this investigation,
including former employees and others, or if you are an Universal
Technical Institute shareholder and are interested in learning more
about the investigation or your legal rights and remedies, please
contact Jim Baker (jimb@johnsonandweaver.com) by
email or by phone at 619-814-4471. If emailing, please include a
phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California, New York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more information
about the firm and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
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