Corinthian Colleges, Inc. (COCO) Common Stock
Zamansky & Associates announced this week that it has launched an investigation on behalf of investors who purchased common stock in for-profit college education companies. Consequently, Zamansky & Associates has discovered that Corinthian Colleges, Inc. (COCO), a for-profit educational company based in California, allegedly made material false and misleading statements about the company’s financial performance to investors in its common stock.
Specifically, Corinthian Colleges Inc. allegedly engaged in improper recruiting activities which artificially inflated the company’s expected growth potential to investors. Further, Corinthian Colleges Inc. allegedly overstated the company’s financial results by inflating tuition costs and also allegedly had student loan repayment rates that fell far below the levels required for its participation in federal student loan programs.
Zamansky & Associates is investigating whether Corinthian Colleges materially misled investors in the company’s common stock about its financial strength by making positive statements about the Company’s growth without a basis for doing so. If you purchased Corinthian Colleges Inc. common stock after October 30, 2007, contact Zamansky & Associates for a free and confidential consultation by calling 212-742-1414 or by clicking here.