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Loan Forgiveness for CA Corinthian Students

California students of the defunct Corinthian Colleges Inc. will receive $51 million in student loan relief, California Attorney General Xavier Becerra said, joining other U.S. attorneys general in the announcement.

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Corinthian Holders in $2M Deal

News reports said a proposed class of shareholders suing Corinthian Colleges Inc. have reached a $2.25 million deal in California federal court to settle claims that the operator of for-profit colleges misled investors for years before state and federal probes contributed to its closure.

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Corinthian Creditors to Vote on BK Plan

A U.S. Bankruptcy Court judge said yesterday that creditors of Santa Ana-based Corinthian Colleges Inc. can vote on the company’s bankruptcy plan, the Wall Street Journal said.

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Students Seek $2.5B Claim Against Corinithian

Attorneys for former students of Santa Ana-based Corinthian Colleges Inc. are asking a court for permission to file a $2.5 billion claim against the bankrupt former operator of for-profit schools, the Wall Street Journal said.

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Corinthian Unit Might Have Buyer

Santa Ana-based Corinthian Colleges Inc. has a buyer interested in its Canadian schools, according to a newspaper in Ontario, Can.

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Corinthian Shares Continue Down

Shares of Corinthian Colleges Inc. were down about 20% to a market value of approximately $77 million in afternoon trading Wednesday on word that it’s renegotiating loan covenants with lenders and has hired Barclays PLC to “explore all the options that will increase shareholder value.”

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Corinthian Shares Continue Down

Shares of Corinthian Colleges Inc. were down about 20% to a market value of approximately $77 million in afternoon trading Wednesday on word that it’s renegotiating loan covenants with lenders and has hired Barclays PLC to “explore all the options that will increase shareholder value.”

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Corinthian Shares Drop

Shares of Corinthian Colleges Inc. are down 7% to a market value of about $114 million on financial results that missed expectations for the December quarter.

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