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Stock Market & Financial Investment News

News Breaks
January 24, 2014
17:52 EDTEDMCEducation Management receives inquires on business practices from 12 states
Education Management Corporation announced that it has received inquiries from twelve states regarding the company’s business practices. The Attorney General of the Commonwealth of Pennsylvania has informed the company that it will serve as the point of contact for the inquiries related to the company. The inquiries focus on the company's practices relating to the recruitment of students, graduate placement statistics, graduate certification and licensing results, and student lending activities, among other matters. The company believes that several other companies in the for-profit education industry have received similar inquiries. The company intends to cooperate with the states involved.
News For EDMC From The Last 14 Days
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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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