ITT EDUCATIONAL: Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of ITT Educational Services, Inc.;...
August 04 2015 - 8:24AM
Business Wire
Shareholder rights law firm Johnson & Weaver, LLP has
commenced an investigation into whether certain officers and
directors of ITT Educational Services, Inc. (NYSE: ESI) violated
state or federal laws regarding its credit practices and statements
related to business, operations and financial prospects. ITT
Educational Services, Inc. provides postsecondary degree programs
in the United States. Specifically, Johnson & Weaver’s
investigation seeks to determine whether certain statements
regarding ITT’s business and prospects were false and misleading
when made.
On July 30, 2015, ITT reported earnings per share for the first
six months of 2015. Earnings increased to $0.47 compared to $0.17
in the first six months of 2014. However, the Company’s earnings
slowed considerably in the second quarter; earning $.03 cents per
share missing analyst consensus earnings estimate of $.10. ITT also
reported new student enrollment in the second quarter of 2015
decreased 18.6% to 12,638 compared to 15,523 in the same period in
2014. On this unfavorable news, shares of ITT fell over 22% in the
next two trading sessions to close at $3.04 on August 3, 2015.
If you have information that could assist in this
investigation, or if you are an ITT shareholder and are interested
in learning more about the investigation or your legal rights and
remedies, please contact Jim Baker
(jimb@johnsonandweaver.com) by email or by phone
at 619-814-4471. If emailing, please include a phone number where
you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New York and Georgia.
The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For
more information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20150804005991/en/
Johnson & Weaver, LLPJim Baker,
619-814-4471jimb@johnsonandweaver.com
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