COCO Vita Coco Company Inc

Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Corinthian Colleges, Inc. HARTFORD, Conn., July 12 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the Central District of California on behalf of all persons who purchased the publicly traded securities of Corinthian Colleges, Inc. (NASDAQ:COCO) ("Corinthian") between August 27, 2003 and June 23, 2004, inclusive (the "Class Period"). Also included are all those who acquired Corinthian's shares through its acquisition of CDI Education. The Complaint alleges that Corinthian, and certain of its officers and directors issued materially false statements. Specifically, Corinthian knew but failed to disclose: (i) that Corinthian manipulated financial aid documents to boost loan amounts available to students, thereby fraudulently receiving additional funds from the federal government; (ii) that Corinthian used the fraudulently obtained funds to boost its revenues and stock price; and (iii) that as result of the illegal practices, Corinthian's earning and net income were materially inflated and in violation of Generally Accepted Accounting Principles ("GAAP"). On June 24, 2004, Corinthian announced that a division of the US Department of Education ("USDE") had uncovered violations in obtaining federal loans at Corinthian's Bryman College campus, in San Jose, California. As a result, USDE revoked the school's ability to receive advance payments on its student loans. On this news, shares of Corinthian fell $2.55 or 10.18% to close at $22.51 on June 24, 2004. If you are a member of the class, you may, no later than September 7, 2004 request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s). For more information about the case, its claims, and your rights, please contact Schatz & Nobel toll-free at (800) 797-5499, or by e-mail at . To view a copy of the lawsuit initiating the class action, or for more information about class action cases and Schatz & Nobel, please visit our website: http://www.snlaw.net/. CONTACT: Nancy A. Kulesa Tel.: (800) 797-5499 Website: http://www.snlaw.net/ e-mail: DATASOURCE: Schatz & Nobel, P.C. CONTACT: Nancy A. Kulesa of Schatz & Nobel, +1-800-797-5499, Web site: http://www.snlaw.net/

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