Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against ITT Educational Services,

  Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the
  Class Action Lawsuit Against ITT Educational Services, Inc.

Business Wire

BENSALEM, Pa. -- April 2, 2013

Law Offices of Howard G. Smith announces that investors of ITT Educational
Services, Inc. (“ITT” or the “Company”) (NYSE:ESI) have until May 10, 2013 to
move the Court to serve as lead plaintiff in the securities fraud class action
lawsuit filed in the United States District Court for the Southern District of
New York on behalf of a class (the “Class”) comprising all purchasers of ITT
common stock between April 22, 2010 and February 25, 2013, inclusive (the
“Class Period”). ITT provides postsecondary degree programs in the United
States.

The Complaint alleges that during the Class Period the Company and certain of
its officers and directors violated federal securities laws by issuing false
and misleading statements. On February 22, 2013 ITT announced that the
Securities and Exchange Commission was investigating the Company’s involvement
in certain private student-loan agreements. According to ITT, the Company had
received a subpoena from the SEC on February 8, 2013, along with a letter
informing the Company of the investigation. The subpoena issued by the SEC
requested documents related to a 2009 loan risk sharing agreement and ITT’s
PEAKS Private Student Loan Program. As a result of this news, ITT stock
declined $3.10 per share, or nearly 17%, to close on February 25, 2013 at
$15.53 per share, on unusually heavy volume.

If you are a member of the Class described above, you have certain rights, and
have until May 10, 2013 to move for lead plaintiff status. To be a member of
the class you need not take any action at this time, or may retain counsel of
your choice. If you wish to discuss this action or learn more concerning your
rights or interests with respect to these matters, please contact Howard G.
Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our
website at http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
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