NEW YORK, Sept. 19, 2014 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at ITT Educational Services Inc. ("ITT" or the "Company") (NYSE: ESI).
On September 19, 2014, ITT disclosed that the Securities and Exchange Commission ("SEC") had sent a notice on August 7, 2014 notifying the Company that SEC Division of Enforcement Staff "had made a preliminary determination to recommend that the SEC file an enforcement action against the Company."
Following this news, the price of ITT stock declined by $2.70 per share, or over 35%, to close on September 19, 2014 at $4.95 per share.
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Take Action
If you invested in ITT stock or options prior to September 19, 2014 and would like to discuss your legal rights, visit www.faruqilaw.com/ESI. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to [email protected]. Faruqi & Faruqi, LLP also encourages anyone with information regarding ITT's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
[email protected]
Telephone: (877) 247-4292 or (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP
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