August 7, 2012
For Immediate Release:
Education Management Corporation (EDMC) faces allegations of improper or illegal
conduct at its subsidiary institutions by Lucas, Green & Magazine on behalf of
numerous students.
The institutions include: The Art...
More
August 7, 2012
For Immediate Release:
Education Management Corporation (EDMC) faces allegations of improper or illegal
conduct at its subsidiary institutions by Lucas, Green & Magazine on behalf of
numerous students.
The institutions include: The Art Institute, Argosy
University, South University, & Brown Mackie College.
Education Management Corporation (EDMC) is the operating corporation of four
for-profit colleges.
Those four colleges include: The Art Institutes, Argosy
University, South University, & Brown Mackie College.
EDMC is a publically
traded company on the NASDAQ under the symbol EDMC.
Currently, Goldman Sachs
owns an estimated 41% of EDMC.
In 2011 Profits for the company exceeded $3
Billion.
Multiple investigations & lawsuits by both private counsel and Attorneys General
have been filed against EDMC.
The basis of the allegations and lawsuits include:
Whistleblowing, fraud, negligent misrepresentation, breach of contract and
FDUTPA violations.
A former admissions di
Less
