updated 10/25/2010 4:15:13 AM ET 2010-10-25T08:15:13

BOSTON, Oct. 22, 2010 (GLOBE NEWSWIRE) -- Gilman and Pastor, LLP reminds Stock Owners and Investors that there are only ten (10) days remaining to move as a Lead Plaintiff in the securities fraud class action lawsuit against Corinthian Colleges, Inc. ("Corinthian") and certain of Corinthian's officers (collectively "Defendants"). The class action lawsuit is brought on behalf of a class consisting of all purchasers of Corinthian common stock (Nasdaq:COCO) during the period between October 30, 2007 and August 19, 2010, inclusive (the "Class Period"). 

The Corinthian securities class action complaint alleges that the Defendants made positive statements in press releases and SEC filings regarding Corinthian's operational performance and future growth projections and that these statements were false because: (1) Defendants inflated Corinthian's results by inducing students to enroll in Corinthian's scholastic and educational programs and engaged in other manipulative recruiting tactics;  (2) Defendants had materially overstated Corinthian's growth prospects by failing to properly disclose that defendants had engaged in illicit and improper recruiting activities, thereby artificially inflating Corinthian's reported results and future growth prospects; and (3) Corinthian did not maintain adequate systems of internal operation or financial controls which would have permitted Corinthian's reported operational statements and foreseeable growth prospects to be true and accurate or reliable. 

Plaintiff seeks to recover damages on behalf of all Class members who purchased or otherwise acquired shares of Corinthian during the Class Period. If you purchased or otherwise acquired Corinthian shares during the Class Period, between October 30, 2007 and August 19, 2010, and either lost money on the transaction or still hold the shares, you may wish to join in this action. If you wish to serve as a representative that acts on behalf of other class members, you may do so if the Court determines that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision whether or not to serve as a representative. You may retain Gilman and Pastor, LLP, or other counsel of your choice, to serve as your counsel in this action.

To discuss your rights as a Corinthian shareholder, including as to the recovery of your losses, or to obtain additional information, please contact Gilman and Pastor, LLP at www.investment-losses.com , by email at rpotkay@gilmanpastor.com or by calling toll-free (877) 428-7374.

Gilman and Pastor, LLP is one of the country's premier national law firms that represents institutional and individual investors in class actions, complex securities and corporate governance litigation. The firm has been a champion of investor rights for over 30 years and has been recognized for its reputation for excellence by the courts. You may retain Gilman and Pastor without financial obligation or cost to you, or you may retain other counsel of your choice.

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