Key Developments: ITT Educational Services Inc (ESI)
25.55USD
22 May 2013
$-2.25 (-8.09%)
$27.80
$27.83
$28.15
$25.01
1,306,882
728,511
$65.85
$11.69
Latest Key Developments (Source: Significant Developments)
Levi & Korsinsky Announces Class Action Lawsuit Against ITT Educational Services Inc
Levi & Korsinsky announced 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 stock between April 22, 2010 and February 25, 2013 (the "Class Period"). Full Article
ITT Educational Services Inc Reiterates FY 2013 Earnings Guidance-Conference Call
ITT Educational Services Inc reiterated its financial goals for fiscal 2013 and expects EBITDA in the range of $165 million to $190 million and earnings per share (EPS) the range of $3.50 to $4 for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $176 million and EPS of $3.73 for fiscal 2013. Full Article
Glancy Binkow & Goldberg Announces Expanded Class Period Of April 24, 2008 Through February 25, 2013 In The Class Action Lawsuit Against ITT Educational Services Inc
Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the Class) comprising all purchasers of the common stock of ITT Educational Services, Inc. between April 24, 2008 and February 25, 2013, inclusive (the Class Period). Investors who have losses of $100,000 or more are encouraged to contact the firm for information concerning a lead plaintiff position in the class action suit and have until May 10, 2013 to file a motion with the Court to be appointed as lead plaintiff. The Complaint alleges that during the Class Period the Company and certain of officers and Directors violated federal securities laws by issuing false and misleading statements. On February 22, 2013 ITT announced that the Securities and Exchange Commission was investigating the Company's involvement in certain private student-loan agreements. According to ITT, the Company had received a subpoena from the SEC on February 8, 2013, along with a letter informing the Company of the investigation. The subpoena requested documents related to a 2009 loan risk sharing agreement and ITT's PEAKS Private Student Loan Program. As a result of this news, ITT stock declined $3.10 per share, or nearly 17%, to close on February 25, 2013 at $15.53 per share on unusually heavy volume. Full Article
Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against ITT Educational Services Inc
Glancy Binkow & Goldberg LLP announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of a class (the Class) comprising all purchasers of the common stock of ITT Educational Services Inc between April 22, 2010 and February 25, 2013 (the Class Period). On February 22, 2013 ITT announced that the Securities and Exchange Commission was investigating the Company’s involvement in certain private student-loan agreements. According to ITT, the Company had received a subpoena from the SEC on February 8, 2013, along with a letter informing the Company of the investigation. The subpoena requested documents related to a 2009 loan risk sharing agreement and ITT’s PEAKS Private Student Loan Program. As a result of this news, ITT stock declined $3.10 per share, or nearly 17%, to close on February 25, 2013 at $15.53 per share on unusually heavy volume. Full Article
Law Offices of Todd M. Garber Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against ITT Educational Services Inc
The Law Offices of Todd M. Garber announced that shareholders of ITT Educational Services Inc ave until May 10, 2013 to move for lead plaintiff status in the shareholder lawsuit filed in the United States District Court for the Southern District of New York. The lawsuit was filed on behalf of a class (the “Class”) comprising all purchasers of ITT common stock between April 22, 2010 and February 25, 2013, inclusive (the Class Period). The Complaint alleges that during the Class Period the Company and certain of its officers and directors violated federal securities laws by issuing false and misleading statements. On February 22, 2013 ITT announced that the Securities and Exchange Commission was investigating the Company’s involvement in certain private student-loan agreements. According to ITT, the Company had received a subpoena from the SEC on February 8, 2013, along with a letter informing the Company of the investigation. The subpoena issued by the SEC requested documents related to a 2009 loan risk sharing agreement and ITT’s PEAKS Private Student Loan Program. As a result of this news, ITT stock declined $3.10 per share, or nearly 17%, to close on February 25, 2013 at $15.53 per share on unusually heavy volume. Full Article
Ryan & Maniskas, LLP Announces Class Action Lawsuit Against ITT Educational Services Inc
Ryan & Maniskas, LLP announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of ITT Educational Services Inc (ITT or the Company) between April 22, 2010 and February 25, 2013, inclusive (the Class Period). ITT provides postsecondary degree programs in the United States. The Complaint alleges that during the Class Period the Company and certain of its officers and directors violated federal securities laws by issuing false and misleading statements. On February 22, 2013, ITT announced that the Securities and Exchange Commission was investigating the Company's involvement in certain private student-loan agreements. According to ITT, the Company had received a subpoena from the SEC on February 8, 2013, along with a letter informing the Company of the investigation. The subpoena issued by the SEC requested documents related to a 2009 loan risk-sharing agreement and ITT's PEAKS Private Student Loan Program. As a result of this news, ITT stock declined $3.10 per share, or nearly 17%, to close on February 25, 2013, at $15.53 per share, on unusually heavy volume. Full Article
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit Against ITT Educational Services Inc
Law Offices of Howard G. Smith announces that investors of ITT Educational Services Inc have until May 10, 2013 to move the Court to serve as lead plaintiff in the securities fraud class action lawsuit filed in the United States District Court for the Southern District of New York on behalf of a class comprising all purchasers of ITT common stock between April 22, 2010 and February 25, 2013, inclusive. ITT provides postsecondary degree programs in the United States. The Complaint alleges that during the Class Period the Company and certain of its officers and directors violated federal securities laws by issuing false and misleading statements. On February 22, 2013 ITT announced that the Securities and Exchange Commission was investigating the Company's involvement in certain private student-loan agreements. Full Article
Law Offices of Howard G. Smith Announces Class Action Lawsuit Against ITT Educational Services Inc
Law Offices of Howard G. Smith announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of ITT Educational Services, Inc. (ITT or the Company) between April 22, 2010 and February 25, 2013, inclusive (the Class Period). ITT provides postsecondary degree programs in the United States. The Complaint alleges that during the Class Period the Company and certain of its officers and directors violated federal securities laws by issuing false and misleading statements. On February 22, 2013, ITT announced that the Securities and Exchange Commission was investigating the Company`s involvement in certain private student-loan agreements. According to ITT, the Company had received a subpoena from the SEC on February 8, 2013, along with a letter informing the Company of the investigation. The subpoena issued by the SEC requested documents related to a 2009 loan risk-sharing agreement and ITT`s PEAKS Private Student Loan Program. As a result of this news, ITT stock declined $3.10 per share, or nearly 17%, to close on February 25, 2013, at $15.53 per share, on unusually heavy volume. Full Article
Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of ITT Educational Services Inc
Former United States Securities and Exchange Commission attorney Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the securities litigation firm of Powers Taylor, LLP announced that the firms are investigating legal claims against the officers and Board of Directors of ITT Educational Services Inc (ITT Educational or Company) related to potential securities violations between April 22, 2010 and February 25, 2013 (the Class Period). In a recently filed federal class action complaint, ITT Educational and certain of its officers and directors were charged with violating certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges that defendants misrepresented and/or failed to disclose that: ITT Educational failed to properly account for the 2009 loan risk-sharing agreement and its PEAKS Program; and Proper internal controls were not maintained in order to confirm that risk-sharing agreements were properly recorded. Additionally, the complaint alleges that after the market found out about the above disclosures the stock dropped substantially. Full Article
Law Offices of Todd M. Garber Announces Class Action Lawsuit Against ITT Educational Services Inc
The Law Offices of Todd M. Garber announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of ITT Educational Services Inc between April 22, 2010 and February 25, 2013, inclusive (the Class Period). The Complaint alleges that during the Class Period, the Company and certain of its officers and directors violated the federal securities laws by making false and misleading statements. On February 22, 2013, ITT announced that the SEC was investigating the Company’s involvement in certain private student-loan agreements. According to ITT, the Company had received a subpoena from the SEC on February 8, 2013, along with a letter informing the Company of the investigation. The subpoena issued by the SEC requested documents related to a 2009 loan risk-sharing agreement and ITT’s PEAKS Private Student Loan Program. As a result of this news, ITT’s stock declined $3.10 per share, or nearly 17%, to close on February 25, 2013, at $15.53 per share, on unusually heavy volume. Full Article
ITT says being investigated by SEC over student loan programs
- For-profit education provider ITT Educational Services Inc said it was being investigated by the U.S. Securities and Exchange Commission over its private student lending programs, sending its shares down as much as 14 percent.
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