Litigation
Nov. 25, 2015
Corinthian Colleges settles shareholder suit
Corinthian Colleges Inc. entered into a preliminary settlement agreement Friday with a class of shareholders for $3.5 million.
Daily Journal Staff Writer
Corinthian Colleges Inc. entered into a preliminary settlement agreement late last week with a class of shareholders for $3.5 million after two years of litigation.
The class, led by shareholder Frank Erickson, alleged that Corinthian's leaders misled investors by making false and misleading statements about the now-defunct for-profit college's business operations and compliance with governmen...
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