If You Bought or Acquired Career Education Corporation Common Stock (CECO) At Any Time From February 19, 2009 to November 21, 2011, You May Be Entitled To Recover A Share of The Proceeds From the Career Education Corporation CECO Securities Fraud Class Action Lawsuit Settlement.
Career Education Corporation (“Career Education Corporation” or “CECO” or “Defendant”) has reportedly agreed to a proposed settlement of a securities fraud class action lawsuit against Career Education Corporation in the United States District Court, Northern District of Illinois, Eastern Division (styled as Ross v. Career Education Corporation, Case No. No. 1:12-cv-00276) alleging, among other things, that the stock price of Career Education Corporation CECO common stock was artificially inflated, according to the Career Education Corporation Securities Fraud class action settlement notice.
Career Education Corporation CECO settlement class members reportedly include, unless otherwise excluded, all persons who purchased or acquired the common stock of Career Education Corporation during the period from February 19, 2009, through November 21, 2011.
The Career Education Corporation Securities Fraud Class Action Lawsuit Settlement reportedly provides that Career Education Corporation has agreed to the creation of a $27.5 million settlement fund to pay, among other things, claims of settlement class members who file valid proofs of claims and releases, notice and settlement administration costs, attorneys fees and expenses. The reported estimated average distribution per share of Career Education Corporation (CECO) common stock will be approximately 47¢ before deduction of fees and expenses. Career Education Corporation proof of claim forms and release are attached to the settlement notice.
For more information regarding the Career Education Corporation Securities Fraud Class Action Lawsuit Settlement, write to Claims Administrator, Heffler Claims Group, at CEC Securities Litigation, c/o Heffler Claims Group, PO Box 58669, Philadelphia, PA 19102, or call 855-887-3479.
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