Bragar Eagel & Squire, P.C. reminds Universal Technical Institute, Inc. (NYSE:UTI) investors that it is investigating potential claims on their behalf concerning whether the company’s officers and board of directors violated the federal securities laws.
On July 24, 2015, Universal Technical announced that it had received a subpoena from the U.S. Attorney’s Office for the Western District of North Carolina issued pursuant to the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA). The subpoena relates to the company’s Mooresville, North Carolina campus operations over the past several years. The subpoena also requests documents relating to the company’s compliance with the “90/10 rule,” among other programs and practices.
Following this news, shares of Universal Technical fell $1.69 per share, or over 22%, to close on July 24, 2015 at $5.96 per share.
If you purchased Universal Technical securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact J. Brandon Walker, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information, please go to www.bespc.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151202006461/en/
Contacts:
J. Brandon Walker, Esq.,
212-355-4648
investigations@bespc.com
