This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Finkelstein Thompson LLP Announces Investigation Of Corinthian Colleges, Inc.

Finkelstein Thompson LLP announces that it is investigating potential shareholder claims against Corinthian Colleges, Inc. (Nasdaq:COCO) (“Corinthian” or the “Company”).

On August 2, 2010, the U.S. Government Accountability Office issued a report concluding that the recruitment practices of certain for-profit colleges, including Corinthian, encouraged applicants to falsify information on federal financial aid application forms so the schools could receive more federal aid dollars. Subsequently, on August 13, 2010, the U.S. Department of Education issued a report suggesting that Corinthian students had been slow to repay their loans – a factor that would affect the school’s ability to obtain funding. An article in Barron’s later noted that Corinthian’s loan repayment rate was just 22% for the Company’s Everest College, which made up 85% of the Company’s revenue. Once this news was released, Corinthian shares fell to $5.22 per share on August 16, 2010, a drop of more than 43% from the share price on August 2, 1010, before these revelations were made public.

According to a recently-filed securities fraud class action complaint, from August 30, 2007 to August 19, 2010, Corinthian made false and/or misleading statements and/or failed to disclose, among other things: (1) the Company had overstated its growth prospects by engaging in illicit and improper recruiting activities, which artificially inflated the Corinthian’s reported results and future growth prospects; and (2) the Company's financial results were overstated in that the Company's colleges inflated tuition costs and its student loan repayment rates were well below levels required for participation in federal loan programs.

If you are interested in discussing your rights as a Corinthian shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
COCO $0.01 1.49%
AAPL $95.03 -2.90%
FB $117.52 7.90%
GOOG $691.20 -2.10%
TSLA $247.54 -1.60%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs