http://www.latimes.com/la-fi-corinthian-colleges-sued-by-consumer-financial-protection-bureau-20140916-story.html?track=rss

http://files.consumerfinance.gov/f/201409_cfpb_complaint_corinthian.pd

"Kent Jenkins, a spokesman for the Santa Ana, California-based company, declined to immediately comment on the regulator’s allegations."

http://abcnews.go.com/Business/wireStory/corinthian-colleges-sued-predatory-lending-25542886 TEN CENT STOCK!!! WHAT ARE YOU WAITING FOR???!!???!?

Which = no money coming in = BK

http://files.consumerfinance.gov/f/201409_cfpb_notice-for-current-and-former-corinthian-students.pdf

http://files.consumerfinance.gov/f/201409_cfpb_notice-for-current-and-former-corinthian-students.pdf

"As previously disclosed in a Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”), on July 7, 2014, Corinthian Colleges, Inc. (the “Company”) entered into an Operating Agreement (the “Operating Agreement”) with the... — read more 

Clearly not. Yet, they come here post rude comments and think they're better than us? Go away. We don't need your nonsense. Surely there must be something else you can do.

Only the 4th floor booty bandit can save use now!!!!

Which = no money coming in = BK

Nothing!!!! I think trolls are confused about it. Since they don't really know what it is.

That is not the question. Game over. Outreach constitutes further deceit and harassment. Unless our outreach informs the students of the Consumer Protection FAQs....

http://abcnews.go.com/Business/wireStory/corinthian-colleges-sued-predatory-lending-25542886 TEN CENT STOCK!!! WHAT ARE YOU WAITING FOR???!!???!?

I certainly won't be waiting for the students to answer the phone, just making quick calls. If they PIP me next quarter, I'll consider myself lucky I had one more quarter and will just teach the students the best I can. I truly believe the next... — read more 

describing efforts by Corinthian to meet the requirements of the 90/10 rule by instituting “above market price increases to create ‘funding gaps.’” By increasing tuition, Corinthian caused students, who otherwise would have been able to pay for the... — read more 

In order to comply with the 90/10 rule, Corinthian made sure that the cost of attending its schools was high enough that students would not be able to pay solely through using Title IV aid. In September 2011, Corinthian’s CEO distributed a... — read more 

Most students attending Corinthian’s schools are low-income, or the first in their families to seek an education beyond a high school diploma. Many Corinthian students struggle economically. In 2012, Corinthian reported that approximately 85% percent... — read more 

I'm sure the $200M in Heald goodwill is being swept together with the charges related to selling.

The Operating Agreement also states that Corinthian and the Department “will work together to establish a reserve fund” of not less than $30 million to be used exclusively for student refunds. To date, no reserve fund has been established.

Despite its aggressive collection efforts, to date, more than 60% of students with a Genesis loan have defaulted on that loan within three years. When Corinthian marketed, promoted, and facilitated these student loans, Corinthian expected that most... — read more 

Corinthian’s campus staff members received bonuses based in part on their success in collecting such past-due payments from students.

http://files.consumerfinance.gov/f/201409_cfpb_complaint_corinthian.pdf

The lawsuit seeks forgiveness of almost $569 million in private loans that nearly 130,000 Corinthian students took out from July 2011 and March 2014. The CFPB is also asking the court to order redress for all Genesis loans made by Corinthian since... — read more 

"As previously disclosed in a Report on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”), on July 7, 2014, Corinthian Colleges, Inc. (the “Company”) entered into an Operating Agreement (the “Operating Agreement”) with the... — read more 

There is no money. There isn't enough to cover payroll, hence the furlough. If CCI sells anything, that money will go to outstanding bank debt anyway.The sales will now be lower than fire sale prices and will likely not be anyone looking for a large... — read more 

.....I would be very suspicious of the timing of this suit. If you believe Jack's email about the progress of a sale, this may well derail that transaction, helping senators Durbin and Harkin to achieve their goal of eliminating CCI. This comes at a... — read more 

"The CFPB alleges in a lawsuit (PDF) that Corinthian then used illegal debt collection tactics to harass students into paying back those loans while still in school." Link:... — read more 

http://m.huffpost.com/us/entry/5788466

http://consumerist.com/2014/09/16/feds-sue-corinthian-colleges-for-allegedly-predatory-loan-scheme/

We are employees, not investors. Stock will be zero once CCI folds in a few months. So?

004503-01 Everest College-McLean, 008090-02 Everest College-Everest Institute, 009079-06 Everest College-Everest Institute, 010356-00 Everest Institute, 010356-02 Everest Institute-Eagan, 021004-00 Everest Institute, 021004-01 Everest... — read more 

Does that mean we don't have to do "outreach" anymore?

for all of us

Tracking stock means nothing. We are looking at imminent failure of all 3 CCI schools.

I think cci stock is reaching a zero today......

"Kent Jenkins, a spokesman for the Santa Ana, California-based company, declined to immediately comment on the regulator’s allegations."

"Corinthian’s employees reported inaccurate job placements so often that when, in May 2012, a senior employee told the West Division President that the Everest College’s Renton, Washington campus would fail an audit for inaccurate placement records... — read more