Wohl & Fruchter LLP Announces Investigation of Corinthian Colleges Inc.
14 Juin 2013 - 3:30PM
Business Wire
The law firm of Wohl & Fruchter LLP announces that it is
investigating possible violations of federal securities laws by
officers and directors of Corinthian Colleges Inc. (Corinthian)
(NASDAQ: COCO).
On June 10, 2013, Corinthian announced that it had received a
subpoena from the Securities and Exchange Commission (SEC). The SEC
stated that it is investigating the Company, and requested
production of documents and communications that, among other
things, relate to student information in the areas of recruitment,
attendance, completion, placement, defaults on federal loans and on
alternative loans, as well as compliance with U.S. Department of
Education financial requirements, standards, and ratios.
Since the announcement of the SEC probe, COCO shares have
declined over 17% from a close of $2.79/share on June 10, 2013, to
$2.30/share as of the close on June 13, 2013.
Persons with relevant information, and COCO shareholders with
questions about this investigation, are invited to contact the
attorney below, or our Firm by calling 866.582.8140.
Additional information, including selected SEC filings related
to the Evergreen acquisition, is available on our website at:
http://www.wohlfruchter.com/cases/coco.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation
arising from fraud and other fiduciary breaches by corporate
managers, as well as other complex litigation matters. Please visit
our website, www.wohlfruchter.com, to learn more about our Firm, or
contact one of our partners.
This release may be deemed to constitute attorney
advertising.
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