Aug. 12, 2010 (Business Wire) -- Bernstein Liebhard LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors of Lincoln Educational Services Corporation ("Lincoln" or the "Company"). On August 5, 2010, shares of Lincoln fell over $4.35, or 21%, to below $16.25 in regular session trading, after the Company warned that third quarter and full year 2010 results would be well below expectations because it would begin imposing much stricter recruitment standards. This change appears to have followed recent media reports of widespread abuse in the private education sector, as well as reports that the federal government would begin investigating such reported abuses. The Company also stated that it expects student “starts” at its campuses to be flat the rest of the year, as opposed to its previously expected increase of 13% to 15% this year.
If you are interested in discussing your rights as a Lincoln shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last seven years.
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ATTORNEY ADVERTISING. © 2010 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Bernstein Liebhard LL
U. Seth Ottensoser, 877-779-1414
Ottensoser@bernlieb.com
