This very cyclical company that relies on many commodity prices would
have to be extremely careful about buying back stock.
I have seen companies buy back stock @ $200 per share and then later
on, hoping no one would notice, issued shares @ $75.
So what did they actually accomplish? A pump and dump for insiders and
smart traders? It actually harmed the company financially.
Insiders might decide they need some extra stock options issued to
themselves @ $0.00.
We all know what usually happens when we let the fox guard the henhouse!
It might not be a good idea to have Pixie insiders guarding treasury stock.
Nancy Taylor a director of Lumber Liquidators gets 2,568 common shares @ $0 p/s.
Times $100 which is where we should go, long term, that's $1/4 MILLION !
WHAT A COUNTRY!
ITT is in the process of making changes to their courses.
It should work out much better for students.
It should also be a multi- bagger investment at this time.
Last trade: $3.58...
Federal Judge Grants Preliminary Approval to $16.9 Million Settlement in ITT Educational Services Securities Class Action
1:09 pm ET November 24, 2015 (Globe Newswire) Print
A federal judge has granted preliminary approval to an approximately $16.96 million cash settlement achieved by Lead Plaintiffs Plumbers and Pipefitters National Pension Fund and Metropolitan Water Reclamation District Retirement Fund with defendants ITT Educational Services, Inc., and two of its officers, Daniel M. Fitzpatrick and Kevin M. Modany.
The proposed settlement approved by Judge J. Paul Oetken, of the United States District Court for the Southern District of New York, on Monday, Nov. 23, resolves securities fraud claims asserted under Section 10(b) and 20(a) of the Securities Exchange Act of 1934 by the Plumbers and Pipefitters National Fund and Metropolitan Water Retirement Fund against the defendants for alleged material misrepresentations and omissions concerning the company's liabilities under certain risk-sharing agreements it had entered into with third-party student enders of ITT student loans.
The proposed $16,962,500 cash settlement will benefit a putative class of persons and entities who purchased or otherwise acquired ITT Educational Services, Inc., common stock between April 24, 2008, and Feb. 25, 2013. In the order issued on Nov. 23, Judge Oetken also gave authorization for the class notice to be issued to class members.
A court hearing will be held on March 8, 2016, to determine whether the settlement should be given final approval and to hear any objections to the settlement or to a request by Lead Counsel, Cohen Milstein Sellers & Toll PLLC, for attorneys' fees and expenses.
Lead Plaintiffs and the Class are represented by Carol V. Gilden, S. Douglas Bunch, Kenneth Rehns, Elizabeth Aniskevich and Times Wang, all of Cohen Milstein. More information about the settlement, including the notice, proof of claim form, and settlement agreement, will be posted in the coming weeks at www.ITTSecuritiesSettlement.com.
For more information about In re ITT Educational Services, Inc., Securities Litigation, visit http://www.cohenmilstein.com/news.php?NewsID=816.
Founded in 1969, Cohen Milstein Sellers & Toll PLLC is a national leader in plaintiff class action lawsuits and litigation. As one of the premier firms in the country handling major complex cases, including consumer protection and product liability issues, Cohen Milstein, with over 80 attorneys, has offices in Washington, D.C., New York, Philadelphia, Chicago, Palm Beach Gardens, Fla., and Denver, Colo. For more information, visit http://www.cohenmilstein.com or call (202) 408-4600.
CONTACT: Pam Avery
Sis, this is what I got for a reply from The CPSC 21 hours ago:
The investigation is ongoing and will take many months to complete. The investigation was started earlier this year, so it has not been going on for years. We want to ensure that the results are legitimate and it is not something that can be rushed.
When the investigation is completed, we will announce the results.
This idiot dondon has ulterior motives.
I would trust a live coyote before I would trust
Do you guys realize a buyout would require a
shareholder vote? That includes those who
bought up the offering at $16 p/s and all the shares
owned by institutions.
I use CNBC and click on markets; then commodities.
It shows WTI and Brent
Someone on this board mentioned it
and I thank him for that.
Can't remember his name, sorry for that.
Like someone said; let's work together.
Don't let me jinx us but LL is looking very strong compared to
the averages and the way other stocks are behaving.
We are up 5% @ $14.60 and looking to go a bit higher.
I don't understand.