DALLAS--(BUSINESS WIRE)--Kendall Law Group, led by a former federal judge Joe Kendall with attorneys that include a former U.S. Attorney, is investigating Education Management Corporation (NASDAQ: EDMC) for shareholders. The national securities firm’s investigation concerns potential breaches of fiduciary duties by the board of directors and other company executives in connection to alleged fraudulent, deceptive, or otherwise questionable marketing practices. Education Management shareholders should contact the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org.
On August 4, 2010, the Senate Health, Education, Labor, and Pensions Committee conducted a hearing on for-profit education firms, where Government Accountability Office representative, George Kutz, presented the findings of report GAO-10-948T, “For-Profit Colleges: Undercover Testing Finds Colleges Encouraged Fraud in Deceptive and Questionable Marketing Practices.” The report detailed undercover investigations into 15 for-profit schools that uncovered misconduct by school staff, such as encouraging applicants to falsify their financial aid forms or pressuring applicants to sign enrollment contracts without speaking to financial advisors. Argosy University in Illinois, an Education Management school, was named by Kutz as one of the schools that provided “deceptive and questionable” information. Education Management's stock dropped to a five year low shortly following news of the investigation and hearing.
Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation. The firm helps shareholders exercise their power to protect their investments when companies break the law. If you are an Education Management shareholder, you are encouraged to contact the Kendall Law Group to learn more about your rights.