Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of ITT Educational Services, Inc.

Law Offices of Howard G. Smith announces that it is investigating potential claims against ITT Educational Services, Inc. (“ITT” or the “Company”) (NYSE:ESI) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company between April 22, 2010 and February 25, 2013, regarding ITT’s business, operations and prospects were false and misleading.

ITT provides postsecondary degree programs in the United States. The investigation relates to ITT’s February 22, 2013 announcement that the SEC was investigating ITT’s involvement in certain private student-loan agreements. According to the Company, ITT 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.

If you purchased ITT securities between April 22, 2010 and February 25, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to, or visit our website at


Law Offices of Howard G. Smith
Howard G. Smith, Esquire
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here