Another lay firm investigating Corinthian... "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) (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."