NEW ORLEANS, March 13, 2013 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until May 10, 2013 to file lead plaintiff applications in a securities class action lawsuit against ITT Educational Services, Inc. (NYSE:ESI), if they purchased the Company's common stock during the period between April 22, 2010 and February 25, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of ITT and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (email@example.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by May 10, 2013.
About the Lawsuit
ITT and certain of its senior executives are charged with issuing materially false and misleading statements, during the Class Period, in violation of federal securities laws.
These false statements and omissions included, in part, the following: (i) the Company was suffering from deficient internal controls and procedures; (ii) the Company had filed to disclose its true financial and operational condition; and (iii) the Company failed to disclose that its financial statements were materially false and misleading.
On February 25, 2013, ITT shares fell $3.10 each – a decline of 17% - after the Company disclosed it was being investigated by the SEC, related to a 2009 loan risk-sharing agreement and its PEAKS Private Student Loan Program.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
CONTACT: Kahn Swick & Foti, LLC Lewis Kahn, Managing Partner, 877-515-1850 or after hours via cell phone 504-301-7900 firstname.lastname@example.org 206 Covington St. Madisonville, LA 70447