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CASES

Education Management Corp.

Class Period: Oct 1, 2009 to Aug 13, 2010

Lead Plaintiff Deadline: Oct 12, 2010 + Deadline passed

Summary of Case:

A securities class action has been filed against Education Management Corp. (EDMC) ("EMC" or the "Company") on behalf of all securities purchasers from October 2, 2009 through August 3, 2010, inclusive ("Class Period"), in the United States District Court for the Western District of Pennsylvania.

The complaint alleges that despite extensive positive statements by defendants in press releases and SEC filings during the Class Period regarding Education Management Corp.'s ("EMC" or the "Company") operational performance and future growth projections, these statements were false because: (1) defendants had propped up the Company's results by fraudulently inducing students to enroll in EMC's scholastic and educational programs and engaged in other manipulative recruiting tactics; (2) defendants had materially overstated the Company's growth prospects by failing to properly disclose that defendants had engaged in illicit and improper recruiting activities, which also had the effect of artificially inflating the Company's reported results and future growth prospects; and (3) EMC did not maintain adequate systems of internal operational or financial controls, which would have permitted EMC's reported operational statements and foreseeable growth prospects to be true, accurate or reliable.

It was only on August 3, 2010 that investors finally began to learn the truth about EMC after the United States General Accounting Office ("GAO") issued a report that concluded that for-profit educational institutions like EMC had engaged in an illegal and fraudulent course of action designed to recruit students and over-charge the federal government for the cost of such education. Following these disclosures, shares of the Company collapsed -- falling almost 18% in several trading days as this news reached the market.

If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.