Corinthian Colleges, Inc.

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Case Number:

1:15-bk-10952

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

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September 06, 2017
Corinthian Ch. 11 Trustee Settles With Ex-Brass For $12M

The distribution trustee for Corinthian Colleges Inc.'s Chapter 11 case said late Tuesday that he settled mismanagement and other wrongdoing claims against former executives of the defunct for-profit educator, whose practices came under intense fire from regulators, in a deal expected to yield at least $12 million for creditors.
May 01, 2017
Corinthian Colleges Launches Bankruptcy Clawback Blitz

The distribution trustee for Corinthian Colleges Inc.'s Chapter 11 case launched a campaign of avoidance actions starting Friday, seeking to claw back more than $1 million in payments made before the defunct for-profit educator filed for bankruptcy protection amid intense fire from regulators.
April 04, 2017
Corinthian Trustee Strikes Ch. 11 Settlement With Directors

The distribution trustee for Corinthian Colleges Inc.'s Chapter 11 case said late Monday that he cut a deal with outside directors of the defunct for-profit educator, whose business practices came under intense fire from regulators, to settle wrongdoing claims and secure their potential cooperation in claims against others.
October 13, 2016
Corinthian Ch. 11 Estate Can Access Health Provider Info

A Delaware bankruptcy judge on Thursday allowed the Corinthian Colleges Inc. distribution trustee to have information about the defunct for-profit educator's employee health insurer Anthem Blue Cross Life and Health Insurance Co. service providers, rejecting arguments from the insurer it was confidential data the estate has no right to see.
September 09, 2016
Anthem Blue Cross Fights Corinthian Trustee Record Request

Defunct Corinthian Colleges Inc.'s employee health insurer Anthem Blue Cross Life and Health Insurance Co. took issue Friday with a request from the former for-profit educator's bankruptcy estate distribution trustee's request for records, arguing he wants information on providers that is protected under confidentiality agreements.
September 17, 2015
Corinthian Calls CFPB, State Bankruptcy Claims 'Insulting'

Corinthian Colleges Inc. objected on Wednesday in Delaware bankruptcy court to claims filed by the Consumer Financial Protection Bureau and the attorneys general of California, Massachusetts and Illinois, calling the claims "insulting and preposterous."
August 26, 2015
Corinthian Colleges Gets Nod For Ch. 11 Plan Confirmation

A Delaware bankruptcy judge agreed Wednesday to confirm Corinthian Colleges Inc.'s Chapter 11 liquidation plan, which sets up a $4.3 million trust for students, over several objections from government entities who've lodged civil enforcement actions targeting the defunct for-profit educator's lending and recruiting practices.
August 21, 2015
Corinthian Hit With Myriad Objections To Ch. 11 Plan

Defunct for-profit educator Corinthian Colleges Inc. was pelted with opposition Friday to confirmation of its Chapter 11 plan, with many of the objections coming from government entities arguing their pending enforcement actions stand to be impermissibly discharged by the bankruptcy exit strategy.
August 20, 2015
Calif. Balks At Corinthian Bid To Delay State Actions Fight

The California attorney general balked Thursday at Corinthian Colleges Inc.'s bid to delay determination of whether its Chapter 11 filing bars states' enforcement actions until the court considers its bankruptcy exit strategy, arguing the request is not only procedurally improper, but has no basis in law.
August 19, 2015
Corinthian Wants To Delay Ch. 11 Fight Over State Actions

Corinthian Colleges Inc. asked the Delaware bankruptcy court Wednesday to put off determining whether its Chapter 11 filings bars several states' enforcement actions over its business practices until it considers the defunct for-profit college's bankruptcy exit plan, arguing the issue becomes moot if the exit strategy is approved.

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