The Law Firm of Levi & Korsinsky, LLP Launches an Investigation Into Possible Securities Laws Violations by Career Education Corporation

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Tue Nov 8, 2011 6:04pm EST

The Law Firm of Levi & Korsinsky, LLP Launches an Investigation Into Possible Securities Laws Violations by Career Education Corporation

PR Newswire

NEW YORK, Nov. 8, 2011

NEW YORK, Nov. 8, 2011 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of the securities of Career Education Corporation ("CEC" or the "Company") (NASDAQ: CECO) concerning possible violations of federal securities laws.

For more information, click here: http://zlk.9nl.com/career-education/.

In a November 1, 2011 press release, CEC announced the resignation of CEO Gary McCullough due to "complexities of the regulatory environment and other issues that have arisen over the last year." The New York State Attorney General's office has subpoenaed documents and is currently investigating the Company for possible violations of state consumer protection, securities, and finance laws in connection with its New York-based schools.  Upon this news, shares of CEC plummeted from a closing price of $16.87 per share on October 31, 2011 to $7.98 per share on November 6, 2011.

If you own CEC stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/career-education-ceco.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.  For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: 
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free:  (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky
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