Brief: Career Education Says Executed Settlement Agreement With FTC To Resolve Inquiry By FTC

Perdoceo Education

01/08/2019 23:33

Aug 1 (Reuters) - Career Education Corp  CECO.O :
    * CAREER EDUCATION CORP - ON JULY 26, EXECUTED SETTLEMENT
AGREEMENT WITH FTC TO RESOLVE INQUIRY BY FTC ON AUGUST 20, 2015
    * CAREER EDUCATION SAYS AGREEMENT PROVIDES THAT CO AND UNITS
WILL
PAY $30 MILLION IN MONETARY RELIEF - SEC FILING
    * CAREER EDUCATION CORP - EXPECTS TO RECORD A RELATED
PRE-TAX
SETTLEMENT CHARGE OF $30 MILLION IN Q2 OF 2019
    * CAREER EDUCATION CORP - DOES NOT EXPECT AGREEMENT TO
NEGATIVELY
IMPACT ITS 2019 ADJUSTED OPERATING INCOME OUTLOOK

Source: (http://bit.ly/2OwuxYF)
Further company coverage:  CECO.O 

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