NEW YORK, June 27, 2013 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Corinthian Colleges ("Corinthian" or the "Company") (Nasdaq:COCO) stock between August 23, 2011 and June 10, 2013.
Click here to learn more about the investigation http://zlk.9nl.com/corinthian-colleges/, or call: 877-363-5972. There is no cost or obligation to you.
The complaint alleges that, throughout the Class Period, defendants made materially false and misleading statements regarding the Company's business, operational, and compliance policies. In particular, it is alleged that the Company made false and/or misleading statements and/or failed to disclose that: (a) defendants manipulated federal student loan and grant programs in order to appear compliant with federal regulations enacted in June 2011; (b) defendants violated said regulations by engaging in deceptive recruiting and enrollment practices; and (c) the Company engaged in systemic grade falsification in order to appear in conformance with said regulations.
On June 10, 2013, the Company disclosed it was under investigation by the SEC. Shares of Corinthian stock fell to a close of $2.46 per share, following a close of $2.79 per share prior to the disclosure.
If you suffered a loss in Corinthian you have until August 19, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/corinthian-colleges/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.comSource:Levi & Korsinsky, LLP