Block & Leviton LLP Corrects Prior Press Release Regarding Investigation of Education Management Corporation as It Relates to Higher One Holdings, Inc.

BOSTON, Sept. 19, 2014 /PRNewswire/ -- On September 17, 2014 Block & Leviton LLP issued a press release regarding an investigation into the common stock of Education Management Corporation ("EDMC" or the "Company") (NASDAQ:  EDMC) which declined that day on news that the Company will be unable to file its Form 10-K for the fiscal year ended June 30, 2014, because of issues raised by the United States Securities and Exchange Commission ("SEC"). 

The press release on September 17, 2014 incorrectly suggested that Education Management "may have been put on notice by similar issues regarding the revenue recognition for student withdrawals which plagued Higher One Holdings, Inc., which also recently faced government scrutiny."  Any interpretation of this statement that Higher One Holdings, Inc. has experienced revenue recognition issues, or faced government scrutiny regarding revenue recognition issues, would not be correct.  We regret any misunderstanding.

If you have any questions about this press release or questions about EDMC securities please contact attorney Steven P. Harte of Block & Leviton LLP at (617) 398-5600 or at [email protected].  

This notice may constitute attorney advertising.       
Contact:         
BLOCK & LEVITON LLP

Steven P. Harte
(617) 398-5600
[email protected]

SOURCE Block & Leviton LLP

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