COCO Vita Coco Company Inc

Wolf Haldenstein Adler Freeman and Herz LLP Commences Class Action Lawsuit on Behalf of Corinthian Colleges, Inc. Shareholders NEW YORK, Aug. 5 /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP filed a class action lawsuit in the United States District Court for the Central District of California, on behalf of all persons who purchased the common stock of Corinthian Colleges, Inc. ("Corinthian" or the "Company") (NASDAQ:COCO) between August 27, 2003 and June 23, 2004, inclusive, (the "Class Period") against defendants Corinthian and certain officers of the Company. The case name and index number are Meneses v. Corinthian Colleges, Inc., et al and SACV 04-923 DOC (MLGx). A copy of the complaint filed in this action is available from the Court, or can be viewed on the Wolf Haldenstein Adler Freeman & Herz LLP website at http://www.whafh.com/cases/corinthian2.htm. The complaint alleges that defendants violated the federal securities laws by issuing materially false and misleading statements throughout the Class Period that had the effect of artificially inflating the market price of the Company's securities. The complaint further alleges that statements made by the Company were each materially false and misleading, and were known by defendants to be false or were recklessly disregarded as such thereby, for the reasons set forth in following reasons, among others: (i) the Company has systematically assisted students in falsifying their financial aid applications for the purpose of increasing student retention rates and to increase reported revenues and earnings; (ii) a material portion of the Company's reported revenues was derived through fraudulent business practices, such as federal grants and financial aid payments granted on the basis of representations that were falsified with the assistance of the Company; (iii) the Company's purported risk with warnings failed to disclose that the Company had falsified student financial and applications and defrauded the federal, state and private agencies which regulate and/or accredit Corinthian's schools, thereby placing its accreditation at serious risk and jeopardizing the ability of its students to qualify for financial aid, which would have a devastating impact on Corinthian's business; (iv) the Company's results were not prepared and reported in accordance with Generally Accepted Accounting Principles and did not fairly present its actual financial results or condition; and (v) the Company lacked adequate internal controls. If you purchased Corinthian common stock during the Class Period, you may request that the Court appoint you as lead plaintiff by September 6 , 2004. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine 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. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Wolf Haldenstein, or other counsel of your choice, to serve as your counsel in this action. Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has approximately 60 attorneys in various practice areas; and offices in Chicago, New York City, San Diego, and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation. If you wish to discuss this action or have any questions, please contact Wolf Haldenstein Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New York 10016, by telephone at (800) 575-0735 (Fred Taylor Isquith, Esq., Gustavo Bruckner, Esq., or Derek Behnke), via e-mail at or visit our website at http://www.whafh.com/. All e-mail correspondence should make reference to Corinthian. DATASOURCE: Wolf Haldenstein Adler Freeman & Herz LLP CONTACT: Fred Taylor Isquith, Esq., Gustavo Bruckner, Esq., or Derek Behnke, all for Wolf Haldenstein Adler Freeman & Herz LLP, 1-800-575-0735, Web site: http://www.whafh.com/

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