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 calling 866.582.8140.Additional information, including selected SEC filings related to the Evergreen acquisition, is available on our website at: http://www.wohlfruchter.com/cases/coco. 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.