Shareholders Foundation, Inc.

Career Education Corp. (NASDAQ:CECO) Long Term Investor Investigation Focuses on Potential Wrongdoing

An investigation on behalf of investors of Career Education Corp. (NASDAQ:CECO) shares over potential breaches of fiduciary duties by certain officers and directors of Career Education Corp. was announced and NASDAQ:CECO investors should contact the Shareholders Foundation.

 

San Diego, CA -- (ReleaseWire) -- 09/10/2012 -- Certain officer and directors of Career Education Corp. are under investigation over possible breaches of fiduciary duties in connection with certain financial statements made by Career Education Corp. (NASDAQ:CECO).

Investors who are a current long term stockholders of shares of Career Education Corp. (NASDAQ:CECO) shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses concerns whether certain of its officers and directors of Career Education Corp. have possibly breached their fiduciary duties owed to Career Education Corp. (NASDAQ:CECO) investors in connection with certain financial statements made by Career Education Corp. Specifically, the investigation focuses on whether a series of statements by Career Education Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Career Education Corp. reported that its annual Revenue fell from over $2 billion in 2010 to over $1.82 billion in 2011 and that its Net Income declined from $157.77 million in 2010 to $18.57 million in 2011.

Shares of Career Education Corp. (NASDAQ:CECO) declined from over $34 in April 2010 to as low as $6.32 in December 2011. In 2012 NASDAQ:CECO shares declined to as low as $3.08 in August 2012. On September 7, 2012, NASDAQ:CECO shares closed at $3.64 per share.

Those who are long term stockholders in shares of Career Education Corp. (NASDAQ:CECO) and currently hold those Career Education Corp. shares, have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com