Bernstein Liebhard LLP Announces an Investigation Concerning ITT Educational Services, Inc.
June 6, 2013
Bernstein Liebhard LLP today announced that it is investigating whether the Board of Directors of ITT Educational Services, Inc. (NYSE: ESI) (“ITT” or the “Company”), in violation of its fiduciary duties, allowed ITT to be harmed by operating with deficient internal accounting controls, including allowing the Company to improperly account for various loan agreements, between April 2010 and February 2013. In February 2013, ITT revealed that the SEC was investigating the Company’s involvement in certain private student-loan agreements.
Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last ten years.