AG Frosh Urges Stronger Federal Response to Corinthian Colleges Shutdown
M2 - Thu May 14, 5:15AM CDT
* AG Frosh Urges Stronger Federal Response to Corinthian Colleges Shutdown
U.S. Trustee's Office Grants Students' Request to Form Special Committee of Creditors to Represent Claims in Corinthian Colleges Bankruptcy
Business Wire - Wed May 13, 6:38PM CDT
The U.S. Trustee's Office today granted an ad-hoc student group's request to form a special committee to represent the interests of students of the recently-collapsed Corinthian Colleges Inc. The honoring of the seldom-granted request is a victory for the estimated 500,000 students impacted by Corinthian's collapse, giving them meaningful participation in the bankruptcy process, said attorneys from the Public Counsel Law Center, Robins Kaplan LLP, and Strumwasser & Woocher LLP, who represent the student group.
Students Seek Their Own Committee to Represent an Estimated $25 Billion of Claims in Corinthian Colleges Bankruptcy
Business Wire - Mon May 11, 2:50PM CDT
Attorneys representing an ad-hoc student group and seeking to represent the interests of an estimated 500,000 students of the recently-collapsed Corinthian Colleges Inc., have formally requested that a special committee be formed to provide meaningful participation by students. The aggregate claims may exceed $25 billion in the bankruptcy cases of Corinthian and its subsidiaries. Public Counsel Law Center, Robins Kaplan LLP, and Strumwasser & Woocher LLP said that the legal action is intended to ensure that student voices are heard in a case that will significantly affect their finances and their futures.
Declines at For-Profit Colleges Take a Big Toll on Their Stocks
at The Street - Fri May 08, 8:30PM CDT
After meteoric growth in the '90s, for-profit colleges have come under intense government scrutiny that's sent shock waves through the industry. Just ask Corinthian College, Education Management and Career Education.
ESI: 2.51 (-0.29), APOL: 16.57 (-0.14), CECO: 4.11 (-0.02)