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SOURCE Harwood Feffer LLP
NEW YORK, Feb. 6, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Corinthian Colleges Inc. ("Corinthian" or the "Company") (NASDAQ: COCO), concerning whether the board has breached its fiduciary duties to shareholders.
Corinthian has long been plagued with regulatory and compliance problems. On February 5, 2014, the Company disclosed that it had received a letter from the U.S. Department of Education seeking extensive documentation of job placement rates. The falsification of job placement rates is a particularly serious problem for education providers because it can result in the loss of eligibility to receive Title IV student loan funds.
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Corinthian shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Matthew M. Houston, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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