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Corinthian Ordered to Pay $1.1 Billion

Bankrupt Corinthian Colleges Inc., based in Santa Ana, was ordered to pay $820 million in restitution to its former students, plus civil penalties of more than $350 million, in a judgment handed down Wednesday.

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Corinthian BK Approved

Corinthian Colleges Inc.’s bankruptcy plan was approved by a bankruptcy judge, the Wall Street Journal said.

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Corinthian Files for BK

Santa Ana-based Corinthian Colleges Inc. filed for bankruptcy, the company said.

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Ten Schools on Federal Watch List

Ten local colleges are on a list of institutions under federal financial monitoring, according to the U.S. Department of Education.

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Corinthian: Good News, Bad News

Corinthian Colleges Inc. got a reprieve from the California Student Aid Commission for one of its subsidiaries in the state, but its division in Canada filed for bankruptcy protection there after regulators closed the local campuses, according to news reports.

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Corinthian Campuses Close in Canada

All of Corinthian Colleges Inc.’s 14 locations in Canada have been shuttered by regulators there, news reports said.

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Corinthian Cal Grants Stayed

A unit of Santa Ana-based Corinthian Colleges Inc. has had $1 million in Cal Grant payments to students held up after it failed to file required documents that show financial and administrative stability, a news report said.

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Corinthian Buyer Offers to Forgive $480M in Loans

The company that plans to buy 50 campuses of Santa Ana-based Corinthian Colleges Inc. said it would forgive $480 million in private student loans in exchange for federal approval for the deal, according to a news report.

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Corinthian to Sell 56 Campuses to NonProfit

Santa Ana-based for profit schools operator Corinthian Colleges Inc. said it will sell 56 campuses of its Everest College and WyoTech to Zenith Education Group Inc., an affiliate of Oakdale, Minn.-based student loan guarantor agency ECMC Group.

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Corinthian Gets Second Nasdaq Notice

Santa Ana-based Corinthian Colleges received a second notice from the Nasdaq for failure to file timely reports, the company said today.

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Corinthian Gets Debt Relief, Sells Unit

Santa Ana-based Corinthian Colleges Inc. and its lenders agreed to a forbearance on certain elements of the company’s debt, according to an SEC filing by the company yesterday.

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Group Pays Off $3.86M Worth of Corinthian Students’ Debt

An offshoot group of the Occupy Wall Street movement paid off $3.86 million in loans owed by 2,761 students of a Corinthian Colleges Inc. school, according to reports.

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U.S. Agency Sues Corinthian

The Consumer Financial Protection Bureau today sued Santa Ana-based Corinthian Colleges, Inc. and alleged it engaged in “illegal predatory lending.”

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Corinthian Says Back Rent Paid Up

Santa Ana-based Corinthian Colleges said it has caught up on rent payments for its headquarters at the Hutton Centre near the Costa Mesa (55) Freeway in Santa Ana.

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Corinthian to Sell Assets; Second Deal Blocked

Santa Ana-based Corinthian Colleges Inc. said it would sell some assets to raise money to fund the winding down of its operations but that federal regulators had blocked a second deal.

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Corinthian Monitor Named

Law firm Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates and former U.S. Attorney Patrick Fitzgerald were named as the independent monitors for Corinthian Colleges Inc.’s wind-down of its operations.

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Corinthian Reassures Students on Closings

Corinthian Colleges Inc. is telling students at campuses slated to close they can finish their degrees.

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Corinthian Reassures Students on Closings

Corinthian Colleges Inc. is telling students at campuses slated to close they can finish their degrees.

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Corinthian Colleges Agrees to Wind-Down Plan

Corinthian Colleges Inc. will try to shed most of its more than 100 campuses in the United States and Canada and end programs at the others under a deal with the U.S. Department of Education.

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Corinthian Deal Expected in Days

Corinthian Colleges Inc. will get more time to strike a deal with the U.S. Department of Education on plans to wind down or sell schools and programs.

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Corinthian Colleges to Sell Heald

Santa Ana-based Corinthian Colleges Inc. said it will sell its Heald schools as part of an agreement with the U.S. Department of Education.

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Government Reprieve for Corinthian

The U.S. Department of Education will release $16 million in student financial aid funds to Santa Ana-based Corinthian Colleges Inc., providing cash flow that will keep the company operating for now.

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Corinthian Shares Dive on Cash Crunch

Santa Ana-based Corinthian Colleges Inc. said it may go out of business if it can’t overcome a cash flow problem stemming from the U.S. Department of Education’s moves to delay the company’s access to financial aid funds.

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Corinthian Amends Exec Compensation Plan

Santa Ana-based Corinthian Colleges Inc. has amended its executive compensation plan in a bid to address concerns raised by shareholders who voted down a proposal last year.

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