NEW YORK, NY / ACCESSWIRE / August 25, 2015 / Pomerantz LLP is investigating claims on behalf of investors of Career Education Corporation ("Career Education" or the "Company") (NASDAQ: CECO). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Career Education and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On August 24, 2015, post-market, the company reported that on August 20, 2015, it received a request for information pursuant to a Civil Investigative Demand from the U.S. Federal Trade Commission (FTC) in connection with an investigation into deceptive or unfair acts or business practices. The information request requires the company to provide documents and information regarding a broad spectrum of the business and practices of its subsidiaries and institutions.
On this news, the company's shares dropped as much as $0.29, or nearly 8%, on intraday trading on August 25, 2015.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlawfirm.com.
SOURCE: Pomerantz LLP
