Faruqi & Faruqi, LLP Launches Investigation of Corinthian Colleges Inc. (COCO) for Potential Breaches of Fiduciary Duties by Its Board of Directors in the Manner It Seeks Executive Compensation Approval

NEW YORK--(BUSINESS WIRE)-- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Corinthian Colleges Inc. (“Corinthian” or the “Company”) (NasdaqGS:COCO) for potential breaches of fiduciary duties in connection with their conduct of seeking shareholders’ approval of executive compensation for the Company’s executive officers as outlined in the Proxy Statement on Form Schedule 14A filed by the Company with the Securities and Exchange Commission on October 3, 2012. In particular, the Proxy is seeking Corinthian shareholders’ approval of the compensation provided to the Company’s executive officers.

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Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in Corinthian and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/COCO or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at 877-247-4292 or 212-983-9330.

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Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: 877-247-4292
Phone: 212-983-9330

Source: Faruqi & Faruqi, LLP