NEW YORK, June 13, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Corinthian Colleges Inc. ("Corinthian" or the "Company") (NASDAQ: COCO), concerning whether the board has breached its fiduciary duties to shareholders.
On June 11, 2013, Corinthian announced that it had received a subpoena from the SEC requesting that the Company produce documents and communications related to student information in areas including recruitment, attendance, completion, placement, and loan defaults. These materials are relevant to whether Corinthian has maintained its eligibility to receive Title IV student loan funds under Department of Education rules.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Corinthian shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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