March 8, 2016 - The court approved the settlement and entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.
November 23, 2015 - The court preliminarily approved the settlement.

November 2, 2015 - Parties filed a stipulation of settlement.

July 22, 2014 - The court granted in part and denied in part the defendants' motion to dismiss.

October 7, 2013 - The lead plaintiff filed an amended consolidated complaint.

July 25, 2013 - The lead plaintiff and lead counsel were appointed.

May 10, 2013 - Lead plaintiff motions were filed.

March 11, 2013 - An investor in shares of ITT Educational Services Inc (NYSE: ESI) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by ITT Educational Services Inc in connection with certain allegedly false and misleading statements made between April 22, 2010 and February 25, 2013.

According to the complaint the plaintiff alleges on behalf of purchasers of ITT Educational Services Inc (NYSE: ESI) common stock during the period between April 22, 2010 and February 25, 2013, that ITT Educational Services Inc and certain of its officers and directors violated the Securities Exchange Act of 1934.

The plaintiff claims that the defendants issued between April 22, 2010 and February 25, 2013 materially false and misleading statements regarding ITT Educational Services Inc's business and financial results in press releases, analyst conference calls and filings with the Securities and Exchange Commission (“SEC”), specifically with respect to the Company's compliance with relevant accounting standards when reporting its risk-sharing activities in loan programs.

The plaintiff says that as a result of defendants' statements, ITT Educational Services Inc (NYSE: ESI) stock traded at artificially inflated prices between April 22, 2010 and February 25, 2013, reaching a high of $112.69 per share on April 22, 2010.

Then on February 22, 2013, after the market closed, ITT Educational Services Inc filed its annual report. ITT Educational Services Inc disclosed that it was being investigated by SEC concerning the company’s involvement in some private student-loan agreement. ITT Educational Services Inc said it received a subpoena from the SEC on February 8, 2013. The subpoena issued by the SEC requested documents related to a 2009 loan risk-sharing agreement and its PEAKS Private Student Loan Program.

Shares of ITT Educational Services Inc (NYSE: ESI) declined from $18.98 on February 22, 2013, to $14.45 on February 26, 2013 and continued to decrease to as low as $12.336 per share on March 4, 2013.

On March 11, 2013, ITT Educational Services (NYSE: ESI) closed at $12.85, which is significantly below its current 52 week High of $70.92 per share.