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
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 [email protected]
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.
30 Broad Street - 24th Floor
New York, NY 10004
Toll Free: (877) 363-5972
Fax: (866) 367-6510