"On August 8, 2014, the Company received a grand jury subpoena for documents from the United States Attorney’s Office in the Central District of California. The subpoena seeks documents and records relating to matters including job placement representations, graduation rates, transferability of credits for the Company’s students, advertisements and marketing materials, and representations regarding financial aid, military connections, student loans, and defaults by Corinthian’s students, as well as related statements to investors and disclosures in the Company’s public filings with the SEC. The Company is evaluating the subpoena and intends to cooperate fully with the request."
2 replies (most recent on top)
Shocking! Not.
Don't worry! CCI is going to sell!!! This is nothing!!! Puppy parades and rainbows!!