LOS ANGELES, May 8, 2013 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP announces that all purchasers of ITT Educational Services, Inc. ("ITT" or the "Company") (NYSE:ESI) common stock between April 22, 2010 and February 25, 2013, (the "Class Period") have until May 10, 2013 to file a motion to be appointed as lead plaintiff in the shareholder lawsuit filed in the United States District Court for the Southern District of New York.
A COPY OF THE COMPLAINT IS AVAILABLE FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US AT (310) 201-9150 OR (212) 682-5340, TOLL-FREE AT (888) 773-9224, OR AT SHAREHOLDERS@GLANCYLAW.COM. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.
The Complaint alleges that during the Class Period the Company violated federal securities laws by issuing false and misleading statements concerning ITT's involvement in certain private student-loan agreements. On February 8, 2013 ITT received a subpoena from the SEC requesting documents related to a 2009 loan risk sharing agreement and ITT's PEAKS Private Student Loan Program.
If you purchased ITT stock during the Class Period and meet certain legal requirements, you may move the Court to serve as lead plaintiff no later than May 10, 2013. To be a member of the Class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent Class member.
To learn more about this action or if you purchased ITT stock prior to the Class Period, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.
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