New York, New York (PRWEB) November 10, 2011
Bragar Wexler Eagel & Squire, P.C. (http://www.bragarwexler.com) is investigating potential claims on behalf of purchasers of the securities of Career Education Corporation (“CEC”) concerning possible violations of federal securities law.
On November 1, 2011, CEC announced in a filing with the SEC that it misrepresented job placement statistics, and that 36 of its 49 schools accredited by the Accrediting Counsel for Independent Colleges and Schools (“ACICS”) fall below the ACICS’ 65% minimum job placement rate standard to maintain accreditation. Upon this news, CEC CEO Gary McCullough announced his resignation, and shares of CEC lost nearly half of their value falling from a close on October 31, 2011 of $16.13 to a closing price of $8.32 on November 2, 2011.
If you own this stock and wish to obtain information about the investigation please contact:
Lawrence P. Eagel, Esq.
Justin A. Kuehn, Esq.
BRAGAR WEXLER EAGEL & SQUIRE, P.C.
885 Third Avenue, Suite 3040
New York, New York 10022
Phone: (212) 308-5858
Bragar Wexler Eagel & Squire is experienced in representing investors in securities litigation throughout the nation. For more information about the firm visit http://www.bragarwexler.com.
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