Investigation is being carried out by Goldfarb Branham LLP to seek potential shareholder claims for purchasers of Education Management Corporation. On August 4, the Government Accountability Office released a report that EDMC may have encouraged applicants to falsify financial aid forms. Shareholders are being encouraged to contact securities attorney Hamilton Lindley for information about their rights and remedies.
Additionally, a derivative lawsuit against company executives for allowing this scheme to occur, is under investigation by Goldfarb Branham LLP. Derivative lawsuits often lead to restored confidence in companies involved in financial scandal and a resulting increase in shareholder value.