Corinthian Colleges Down Under Investigation

Posted in pre-market 
August 20th, 2010

Corinthian Colleges Inc. (NASDAQ: COCO), the for-profit, post-secondary education company, is down 6.85% in pre-market trading this morning, from $5.40 to $5.03, and has already traded 60,660 shares.  This change comes during a 52-week  range of $4.88 to $20.29, effectively highlighting the company’s hardships, which involve a 51% 4-week price decline.

Corinthian Colleges is currently under investigation for violating federal securities laws for requiring students to pay back loans at a slower rate than they informed investors.

-Michael B. Sauter

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