Thread regarding University of Phoenix layoffs


"A submitted question asked about the potential for ongoing liability for costs associated with pending Borrower Defense Claims against UoPX. Green previously told the Idaho Press it’s estimated this liability could come to up to about $7 million annually. He said Thursday there are a number of mitigating measures that UI would implement, including an agreement from UoPX to leave $200 million with NewU if the transaction goes through."

| 773 views | | 1 reply (June 21)
Post ID: @OP+1n59ju7C

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The shell game continues, talking about cash (how much is unrestricted?) and EBITA. And no serious mention about the potential liability for the 69,000 or so Borrower Defense to Repayment claims.

Post ID: @9vlr+1n59ju7C

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