GPM Announces Investigation on Behalf of Universal Technical Institute, Inc. Investors

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray (“GPM”) announces an investigation on behalf of investors of Universal Technical Institute, Inc. (“Universal Technical” or the “Company”) (NYSE: UTI) concerning recent announcements that it has received a subpoena from the U.S. Attorney’s Office.

On July 24, 2015, the Company disclosed the following: “On July 17, 2015, Universal Technical Institute, Inc. (the Company) received a subpoena from the U.S. Attorney's Office for the Western District of North Carolina (U.S. Attorney's Office) issued pursuant to the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA). The subpoena covers a broad range of matters relating to the Company's Mooresville, North Carolina campus operations over the past several years. It also seeks documents and information relating to the Company's compliance with the "90/10 rule," and other Company programs and practices. We intend to cooperate with the U.S. Attorney's Office, and cannot predict the duration or outcome of its inquiry.” On this news shares of Universal Technical fell $1.69 per share, or over 22%, to close on July 24, 2015 at $5.96 per share.

If you purchased shares of Universal Technical, have information and/or would like to learn more about this investigation you are encouraged to contact Casey Sadler of GPM at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150724005916/en/

Glancy Prongay & Murray, Los Angeles
Casey Sadler, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

Source: Glancy Prongay & Murray

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