Wohl & Fruchter LLP Announces Investigation of Corinthian Colleges Inc.
NEW YORK -- June 14, 2013
The law firm of Wohl & Fruchter LLP announces that it is investigating
possible violations of federal securities laws by officers and directors of
Corinthian Colleges Inc. (Corinthian) (NASDAQ: COCO).
On June 10, 2013, Corinthian announced that it had received a subpoena from
the Securities and Exchange Commission (SEC). The SEC stated that it is
investigating the Company, and requested production of documents and
communications that, among other things, relate to student information in the
areas of recruitment, attendance, completion, placement, defaults on federal
loans and on alternative loans, as well as compliance with U.S. Department of
Education financial requirements, standards, and ratios.
Since the announcement of the SEC probe, COCO shares have declined over 17%
from a close of $2.79/share on June 10, 2013, to $2.30/share as of the close
on June 13, 2013.
Persons with relevant information, and COCO shareholders with questions about
this investigation, are invited to contact the attorney below, or our Firm by
Additional information, including selected SEC filings related to the
Evergreen acquisition, is available on our website at:
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and
other fiduciary breaches by corporate managers, as well as other complex
litigation matters. Please visit our website, www.wohlfruchter.com, to learn
more about our Firm, or contact one of our partners.
This release may be deemed to constitute attorney advertising.
Wohl & Fruchter LLP
J. Elazar Fruchter, 845-425-4658
Toll Free: 866-582-8140
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