A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Corinthian Colleges Inc (NASDAQ:COCO) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on November 7, 2016 and NASDAQ:COCO investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 10/21/2016 --A deadline is coming up on November 7, 2016 in the settlement reached in the securities class action lawsuit filed for investors who purchased shares of Corinthian Colleges Inc (NASDAQ:COCO) between August 23, 2010 and April 14, 2015.

Investors who purchased a significant amount of shares of Corinthian Colleges Inc (NASDAQ:COCO) between August 23, 2010 and April 14, 2015, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Corinthian Colleges Inc (NASDAQ:COCO) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/corinthian-colleges-inc-nasdaq-coco-investor-securities-class-action-lawsuit-06212013

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is November 7, 2016. The class action administrator for this case is Garden City Group LLC.

The lawsuit was originally filed in the U.S. District Court for the Southern District of New York against Corinthian Colleges Inc over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements that were made between August 23, 2011 and June 10, 2013. According to the complaint the plaintiff alleges that behalf of all persons or entities who purchased or otherwise acquired securities of Corinthian Colleges Inc (NASDAQ:COCO) between August 23, 2011 and June 10, 2013, that Corinthian Colleges Inc and certain of its officers and directors violated the Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. More specifically, the plaintiff alleges that the defendants made allegedly false and/or misleading statements and/or failed to disclose that defendants allegedly manipulated federal student loan and grant programs in order to appear to be in compliance with new federal regulations enacted in June 2011, that defendants' predatory and deceptive recruiting and enrollment practices violated federal regulations enacted beginning in June 2011, and that Corinthian Colleges Inc engaged in systemic grade falsification at Corinthian Colleges Inc's campuses in order to appear to be in conformance with the new regulations enacted beginning in 2011.

Those who purchased shares of Corinthian Colleges Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com