Member access

4-Traders Homepage  >  Shares  >  Nyse  >  ITT Educational Services, Inc.    ESI   US45068B1098

SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

ITT Educational Services, Inc. : SHAREHOLDER ALERT: Levi & Korsinsky Notifies Investors with Losses on Their Investment in ITT Educational Services, Inc. of Class Action Lawsuit and the Deadline of May 10, 2013 to Seek a Lead Plaintiff Position

03/12/2013 | 11:05am US/Eastern

Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased ITT Educational Services, Inc. ("ITT" or the "Company") (NYSE: ESI) stock between April 22, 2010 and February 25, 2013 (the "Class Period").

For more information, click here: http://zlk.9nl.com/itt-educational-services-esi/.

The complaint alleges that during the Class Period, defendants issued materially false and misleading statements regarding the Company's business and financial results, and that the Company failed to maintain proper internal controls to ensure that risk-sharing agreements were properly recorded.

On February 22, 2013, ITT filed its Form 10-K with the SEC for its fiscal year ended December 31, 2012, disclosing that the Company was under investigation by the SEC in relation to possible involvement in some private student-loan agreements. ITT also revealed that on February 8, 2013, it had received a subpoena from the SEC requesting documents related to a 2009 loan risk-sharing agreement and ITT's PEAKS Private Student Loan Program. Upon this news, ITT's stock fell $3.10 per share to close at $15.53 per share on February 25, 2013, a one-day decline of nearly 17% on volume of over 1.7 million shares.

If you suffered a loss in ITT you have until May 10, 2013 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/itt-educational-services-esi/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com


© Business Wire 2013
React to this article
Latest news on ITT EDUCATIONAL SERVICES,
35m ago ITT EDUCATIONAL SERVICES : posts 2Q profit
12/06 ITT EDUCATIONAL SERVICES : shares soar on loan agreement
12/05 FRIDAY SECTOR LEADERS : Education & Training Services, Banking & Savings
12/05 ITT EDUCATIONAL SERVICES : Entry into a Material Definitive Agreement, Terminati..
12/04 MEDLEY CAPITAL : Itt Educational Services (Brokerage Firm Ratings)
11/26 ITT EDUCATIONAL SERVICES : Temporary Suspension of Trading Under Registrant's Em..
11/24 ITT EDUCATIONAL SERVICES : UPCOMING DEADLINE: LEVI & KORSINSKY, LLP Reminds Inve..
11/21 ITT EDUCATIONAL SERVICES : SHAREHOLDER ALERT: Pomerantz Law Firm Announces the F..
11/20 ITT EDUCATIONAL SERVICES : INVESTOR ALERT: Glancy Binkow & Goldberg LLP Reminds ..
11/19 ITT EDUCATIONAL SERVICES : SHAREHOLDER ALERT: Brower Piven Encourages Investors ..
Advertisement
Chart
Duration : Period :
ITT Educational Services,  Technical Analysis Chart | ESI | US45068B1098 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF