SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of
Investors of Education Management Corporation - EDMC
NEW YORK, Jan. 28, 2014
NEW YORK, Jan. 28, 2014 /PRNewswire/ --Pomerantz LLP is investigating claims
on behalf of investors of Education Management Corporation ("Education
Management" or the "Company")(NASDAQ: EDMC) Such investors are advised to
contact Robert S. Willoughby at email@example.com or 888-476-6529, ext.
The investigation concerns whetherEducation Management and certain of its
officers and/or directors violated Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934.
On January 24, 2014, the Company filed a Form 8-K with the Securities and
Exchange Commission ("SEC"), announcing that it has received inquiries from
twelve states regarding the Company's business practices. The Attorney General
of the Commonwealth of Pennsylvania has informed the Company that it will
serve as the point of contact for the inquiries related to the Company. The
inquiries focus on the Company's practices relating to the recruitment of
students, graduate placement statistics, graduate certification and licensing
results, and student lending activities, among other matters.
On this news, shares of Education Managementfell$0.97 per share, or more
than 10%, to a price of $8.70 on January 27, 2014.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida,
is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the Pomerantz Firm
pioneered the field of securities class actions. Today, more than 70 years
later, the Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of fiduciary duty,
and corporate misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP
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