NEW YORK, June 21, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Corinthian Colleges, Inc. ("Corinthian" or the "Company") (NASDAQ: COCO).
The investigation focuses on whether the Company and its executives violated federal securities laws with respect to its disclosures concerning business, operational, and compliance policies.
On June 10, 2013, Corinthian announced in a regulatory filing that the SEC began an investigation into the Company and requested documents and communications related to student recruitment, attendance, completion, placement, and defaults on loans, as well as compliance with U.S. Department of Education financial requirements, standards, and ratios. On this news, Corinthian's share price declined $0.67 or roughly 24%, to close at $2.12 per share on June 17, 2013.
Request more information now by clicking here: www.faruqilaw.com/COCO. There is no cost or obligation to you.
If you invested in Corinthian stock or options between August 23, 2011 and June 10, 2013 and would like to discuss your legal rights, visit www.faruqilaw.com/COCO. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to email@example.com or firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Corinthian's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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