10.08.2010 16:14:00
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Kendall Law Group Investigates The Washington Post Company for Shareholders
Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating The Washington Post Company (NYSE: WPO) for shareholders. The investigation concerns potential breaches of fiduciary duties by the board of directors and other company executives in connection to alleged fraudulent, deceptive, or otherwise questionable marketing practices. Washington Post shareholders should contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.
On August 4, 2010, the Senate Health, Education, Labor, and Pensions Committee conducted a hearing on for-profit education firms, where Government Accountability Office representative, George Kutz, presented the findings of report GAO-10-948T, "For-Profit Colleges: Undercover Testing Finds Colleges Encouraged Fraud in Deceptive and Questionable Marketing Practices.” The report detailed undercover investigations into 15 for-profit schools that uncovered misconduct by school staff, such as encouraging applicants to falsify their financial aid forms or pressuring applicants to sign enrollment contracts without speaking to financial advisors. Kaplan College in Florida, a Washington Post school, was named by Kutz as one of the schools that provided "deceptive and questionable” information.
Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation. The firm helps shareholders exercise their power to protect their investments when companies break the law. If you are a Washington Post shareholder, you are encouraged to contact the Kendall Law Group to learn more about your rights.
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