Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Excess Of $100,000 Investing In Education Management Corporation (EDMC) To Contact The Firm
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Education Management fCorporation (“Education Management” or the “Company”) (NasdaqGS: EDMC).
The investigation focuses on whether Education Management and its executives violated federal securities laws in relation to the Security and Exchange Commission’s (“SEC”) comments about the Company’s internal financial controls.
On September 16, 2014, Education Management announced that it would be unable file its 2014 annual financial report on Form 10-K in a timely manner due to unresolved comments from the SEC’s Division of Corporation Finance related to revenue recognition and related bad debt reserves recorded upon student withdrawals from Company schools.
On this news, shares of Education Management fell $0.12 per share, or nearly 10%, to close at $1.10 per share on September 17, 2014.
If you invested in Education Management stock or options between August 8, 2012 and September 16, 2014 and would like to discuss your legal rights, please contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Education Management’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.