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|Statement of Bonnie Campbell on Behalf of EDMC|
Bonnie Campbell is a former Iowa state attorney general and former U.S. Department of Justice official who was also a member of the Iowa Board of Regents, the governing body for the state’s universities and special schools. In response to the August 8 filing of an amended complaint in the case of United States of America, ex rel. Lynntoya Washington, et al. v. Education Management Corp., et al., the following may be attributed to Ms. Campbell in her role as advisor and spokesperson for EDMC’s legal counsel:
August 8, 2011 PITTSBURGH, PA -- “The pursuit of this legal action by the federal government and a handful of states is flat-out wrong. EDMC’s 2003 compensation plan followed the law in both its design and implementation, as EDMC’s response to the governments’ complaint will show.
“Federal regulations issued in 2002 permitted companies to consider enrollments in admission officer compensation, so long as enrollments were not the sole factor considered. To ensure compliance with this regulation, EDMC worked closely with outside experts in both human resources and education law to develop a plan that required consideration of five quality factors along with enrollment numbers to determine salaries.
“The complaint is wrong in its claim that EDMC disregarded the quality factors in the compensation plan. EDMC worked rigorously to ensure that the plan was properly implemented company-wide.
“EDMC is justifiably proud of its 40-year history and the quality education and good results it provides its students. EDMC’s colleges are accredited institutions offering career-focused academic degrees to it students, many of whom would not otherwise attend college, and EDMC’s combined graduation rate is better than other schools serving similar student populations, whether those schools are public, private or proprietary.”
About Education Management
Education Management Corporation (www.edmc.edu) is among the largest providers of private post-secondary education in North America, based on student enrollment and revenue, with a total of 105 locations in 32 U.S. states and Canada. We offer academic programs to our students through campus-based and online curriculum instruction, or a combination of both. We are committed to offering quality academic programs and continuously strive to improve the learning experience for our students. Our educational institutions offer students the opportunity to earn undergraduate and graduate degrees and certain specialized non-degree diplomas in a broad range of disciplines, including design, media arts, health sciences, psychology and behavioral sciences, culinary, fashion, business, education, legal and information technology.
This press release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Securities and Exchange Commission filings. Past results of Education Management are not necessarily indicative of its future results. Education Management does not undertake any obligation to update any forward-looking statements.
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