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Case Status:    DISMISSED    
On or around 10/24/2005 (Date of order of final judgment)

Filing Date: February 26, 2004

According to a press release dated November 10, 2005, on September 14th 2005 the United States District Court for the Southern District of Indiana dismissed without prejudice all of the claims against all of the defendants in the consolidated securities class action lawsuit filed against the Company and ten of its current and former directors and executive officers. The plaintiffs did not file an amended complaint within the period permitted by the court and the court dismissed the complaint with prejudice on October 24th 2005.

The original complaint alleges that the Company's Class Period representations regarding its quarterly performance, made in press releases and SEC filings, were each materially false and misleading because they failed to disclose that : (1) ITT
Educational had systematically falsified records, such as those relating to
enrollment, graduation and job placement rates, in order to artificially
inflate its reported operational and financial performance; (2) a material
portion of the Company's reported revenues were derived through fraudulent
business practices, such as federal grants and financial aid payments that were
secured through falsified records; (3) the Company's reported results did not
accurately portray the Company's operations because a material portion of those
results were attributable to prohibited practices; and (4) that the Company's
results were not prepared and reported in accordance with generally accepted
accounting principles and did not fairly present its actual financial results
or condition.

The complaint further alleges that on February 25, 2004, before the opening of ordinary trading, the Company issued a press release announcing that it had been served with a search warrant and related grand jury subpoenas at its corporate headquarters and several of its schools. In reaction to this announcement, the price of ITT Educational common stock plummeted, falling from $57.40 per share on February 24, 2004 to close at $38.50 on February 25, 2004 -- a one-day drop of 33% on unusually heavy trading volume.

COMPANY INFORMATION:

Sector: Services
Industry: Schools
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: ESI
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. Indiana
DOCKET #: 04-CV-0380
JUDGE: Hon. Tim A. Baker
DATE FILED: 02/26/2004
CLASS PERIOD START: 04/17/2003
CLASS PERIOD END: 02/24/2004
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio Pease & Tabacco PC
    One Liberty Square, Berman DeValerio Pease & Tabacco PC, MA 02109
    617.542.8300 ·
  2. Bernstein Liebhard & Lifshitz, LLP (New York)
    10 E. 40th Street, 22nd Floor, Bernstein Liebhard & Lifshitz, LLP (New York), NY 10016
    800.217.1522 · info@bernlieb.com
  3. Cauley Geller Bowman Coates & Rudman, LLP (New York)
    200 Broadhollow, Suite 406, Cauley Geller Bowman Coates & Rudman, LLP (New York), NY 11747
    631.367.7100 631.367.1173 ·
  4. Cohen & Malad, LLP
    136 North Delaware - Suite 300, Cohen & Malad, LLP, IN 46204
    317.636.6481 317.636.2593 ·
  5. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC)
    1100 New York Avenue, N.W., Suite 500, West Tower, Cohen, Milstein, Hausfeld & Toll, P.L.L.C. (Washington, DC), DC 20005
    202.408.4600 202.408.4699 · lawinfo@cmht.com
  6. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  7. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  8. Much Shelist Freed Denenberg Ament & Rubenstein, PC

    800-470-6824 312-621-1750 ·
  9. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  10. The Brualdi Law Firm (New York)
    29 Broadway - Suite 1515, The Brualdi Law Firm (New York), NY 10006
    877.495.1187 212.952.0608 ·
No Document Title Filing Date
COURT: S.D. Indiana
DOCKET #: 04-CV-0380
JUDGE: Hon. Tim A. Baker
DATE FILED: 08/19/2004
CLASS PERIOD START: 10/17/2002
CLASS PERIOD END: 03/08/2004
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Berman DeValerio Pease Tabacco Burt & Pucillo (MA)
    One Liberty Square, Berman DeValerio Pease Tabacco Burt & Pucillo (MA), MA 02109
    617.542.8300 ·
  2. Cohen & Malad, LLP
    136 North Delaware - Suite 300, Cohen & Malad, LLP, IN 46204
    317.636.6481 317.636.2593 ·
  3. Lerach Coughlin Stoia Geller Rudman & Robbin (San Francisco)
    100 Pine Street, Suite 2600, Lerach Coughlin Stoia Geller Rudman & Robbin (San Francisco), CA 94111
    415.288.4545 415.288.4534 · info@lerachlaw.com
  4. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  5. The Brualdi Law Firm (New York)
    29 Broadway - Suite 1515, The Brualdi Law Firm (New York), NY 10006
    877.495.1187 212.952.0608 ·
No Document Title Filing Date
No Document Title Filing Date