Gilman and Pastor Reminds Stock Owners and Investors of Corinthian Colleges, Inc. Who Have Losses in Excess of $50,000 to Inquir
22 Octobre 2010 - 6:39PM
Gilman and Pastor, LLP reminds Stock Owners and Investors that
there are only ten (10) days remaining to move as a Lead Plaintiff
in the securities fraud class action lawsuit against Corinthian
Colleges, Inc. ("Corinthian") and certain of Corinthian's officers
(collectively "Defendants"). The class action lawsuit is brought on
behalf of a class consisting of all purchasers of Corinthian common
stock (Nasdaq:COCO) during the period between October 30, 2007 and
August 19, 2010, inclusive (the "Class Period").
The Corinthian securities class action complaint alleges that
the Defendants made positive statements in press releases and SEC
filings regarding Corinthian's operational performance and future
growth projections and that these statements were false because:
(1) Defendants inflated Corinthian's results by inducing
students to enroll in Corinthian's scholastic and educational
programs and engaged in other manipulative recruiting tactics;
(2) Defendants had materially overstated Corinthian's growth
prospects by failing to properly disclose that defendants had
engaged in illicit and improper recruiting activities, thereby
artificially inflating Corinthian's reported results and future
growth prospects; and (3) Corinthian did not maintain adequate
systems of internal operation or financial controls which would
have permitted Corinthian's reported operational statements and
foreseeable growth prospects to be true and accurate or
reliable.
Plaintiff seeks to recover damages on behalf of all Class
members who purchased or otherwise acquired shares of Corinthian
during the Class Period. If you purchased or otherwise
acquired Corinthian shares during the Class Period, between October
30, 2007 and August 19, 2010, and either lost money on the
transaction or still hold the shares, you may wish to join in this
action. If you wish to serve as a representative that acts on
behalf of other class members, you may do so if the Court
determines that the class member's claim is typical of the claims
of other class members, and that the class member will adequately
represent the class. Your ability to share in any recovery is
not affected by the decision whether or not to serve as a
representative. You may retain Gilman and Pastor, LLP, or
other counsel of your choice, to serve as your counsel in this
action.
To discuss your rights as a Corinthian shareholder, including as
to the recovery of your losses, or to obtain additional
information, please contact Gilman and Pastor, LLP at
www.investment-losses.com, by email at rpotkay@gilmanpastor.com or
by calling toll-free (877) 428-7374.
Gilman and Pastor, LLP is one of the country's premier national
law firms that represents institutional and individual investors in
class actions, complex securities and corporate governance
litigation. The firm has been a champion of investor rights
for over 30 years and has been recognized for its reputation for
excellence by the courts. You may retain Gilman and Pastor
without financial obligation or cost to you, or you may retain
other counsel of your choice.
CONTACT: Gilman and Pastor, LLP
Kenneth G. Gilman, Esquire
(877) 428-7374
Fax (508) 291-3258
kgilman@gilmanpastor.com
16 Fourteenth Avenue
Wareham, MA 02571
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