Law Offices of Howard G. Smith Announces Class Action Lawsuit Against Career Education Corporation

Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of purchasers of the common stock of Career Education Corporation (“CECO” or the “Company”) (NASDAQ:CECO) between January 1, 2009 and November 1, 2011, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934. The class action lawsuit was filed in the United States District Court for the Northern District of Illinois.

CECO operates colleges, schools and universities that provide educational services in career-oriented disciplines primarily in the United States. The Complaint alleges that defendants misrepresented or failed to disclose material adverse facts about the Company's business and financial condition, including that: (i) defendants represented that CECO’s retention rates and employment, or “placement” rates following graduation were higher than they actually were; (ii) defendants failed to disclose that the Company’s purported Placement rates were achieved through an improper course of conduct and a manipulative use of the term “employment”; (iii) the Company reported inflated placement rates to the Accrediting Counsel for Independent Colleges and Schools, the Accrediting Commission of Career Schools and Colleges, and its other accrediting agencies; and (iv), as a result of the foregoing, defendants misrepresented the health and condition of the Company, in particular its ability to continue to receive Title IV Funding.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased CECO common stock between January 1, 2009 and November 1, 2011, you have certain rights, and have until March 13, 2012 to move for lead plaintiff status. To be a member of the class you need not take any action at this time, and you may retain counsel of your choice. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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