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Stock Market & Financial Investment News

News Breaks
February 11, 2013
07:37 EDTEDMCEducation Management unit received investigative demand from Massachusetts AG
Education Management disclosed late Friday in a regulatory filing that its New England Institute of Art received a civil investigative demand from the Commonwealth of Massachusetts Attorney General in January 2013. The demand requests information for the period from January 1, 2010 to the present pursuant to an investigation of practices by the school in connection with marketing and advertising job placement and student outcomes, the recruitment of students and the financing of education. The company said it previously responded to a similar request that The New England Institute of Art received in June 2007 and that it intends to cooperate with the Attorney General in connection with their investigations.
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December 16, 2014
08:54 EDTEDMCEducation Management says court denied motion filed by Marblegate
Education Management announced that the U.S. District Court for the Southern District of New York has denied the motion filed by Marblegate Asset Management and Magnolia Road Capital seeking to preliminarily enjoin the company from consummating its proposed debt restructuring. The court denied the injunction based on, among other things, the balance of equities and the public interest. The court also concluded on a preliminary basis that the plaintiffs are likely to succeed on the claim they have asserted under the Trust Indenture Act. The company respectfully disagrees with that aspect of the opinion and, based on the court's order, plans to move forward promptly with the restructuring.

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