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Stock Market & Financial Investment News

News Breaks
April 3, 2014
12:34 EDTCOCOCorinthian Colleges sued by Massachusetts AG for deceptive practices
Massachusetts Attorney General Martha Coakley announced that Corinthian Colleges, which operates Everest Institute, has been sued over allegations that it misrepresented its training programs and job placement rates in order to increase profits, and pushed students into high-interest subprime loans. Reference Link
News For COCO From The Last 14 Days
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April 26, 2015
15:32 EDTCOCOCorinthian Colleges ceases effectively all operations
Corinthian Colleges announced that the company has ceased substantially all operations and discontinued instruction at its remaining 28 ground campuses. The company is working with other schools to provide continuing educational opportunities for its approximately 16,000 students. Corinthian said those efforts depend to a great degree on cooperation with partnering institutions and regulatory authorities. Campuses closed include the 13 remaining Everest and WyoTech campuses in California, Everest College Phoenix and Everest Online Tempe in Arizona, the Everest Institute in New York, and Heald College -- including its 10 locations in California, one in Hawaii and one in Oregon. Additionally, Zenith Education has recently advised Corinthian that it will not consummate the purchase of Everest College Phoenix, and the closing conditions have not been satisfied for Everest Institute Rochester. Also, the company had been in advanced negotiations with several parties to both sell Heald College and to arrange for teach-out partners to allow its Everest College and WyoTech students in California to continue their education. The company said these efforts were unsuccessful largely as a result of federal and state regulators seeking to impose financial penalties and conditions on buyers and teach-out partners.
April 15, 2015
05:55 EDTCOCOCorinthian Colleges fined $30M for 'misrepresentation' by U.S. DOE
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