SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors With Losses on
Their Investment in Corinthian Colleges Inc. of Class Action Lawsuit and the
Deadline of August 19, 2013 to Seek a Lead Plaintiff Position -- COCO
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
email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or
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
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