Thread regarding Education Management Corporation layoffs

Education Management Corp. Seeks to Reverse Ruling Protecting Minority Bondholders Lawyers for firm say ability of businesses to...

restructure debt outside of bankruptcy proceedings is on the line... EDMC keeping the doors open will be determined by this case.

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| 1301 views | | 2 replies (last October 18, 2016) | Reply
Post ID: @OP+JUPsPiS

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Last I heard, the case was in a Manhattan Appeals Court but that was quite a while ago.

They haven't ruled yet?

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Post ID: @1xqj+JUPsPiS

@JUPsPiS, can you be more specific about the case? I thought that issue was over. In a way, it doesn't matter. It's likely that KKR is in the process of stripping out all of EDMC's valuable assets, and no one will sue KKR. What could possibly be left?

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Post ID: @1cfk+JUPsPiS

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