Judge Allows Majority Of Claims In Securities Class Action To Proceed

CHICAGO - Shareholders have properly shown that an operator of for-profit professional schools and colleges and certain of its executive officers violated federal securities laws by misrepresenting the company's business and financial condition, a federal judge in Illinois ruled Oct. 30 (Thurman Ross v. Career Education Corp., et al., No. 12-276, N.D. Ill.; 2012 U.S. Dist. LEXIS 155037).

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