Thread regarding Corinthian Colleges Inc. layoffs

"On July 8, 2014, the Company received a letter from the Bureau for Private Postsecondary Education (“BPPE”), which regulates California’s private postsecondary educational institutions, regarding the Company’s QuickStart programs, the majority of which are offered through Everest College Phoenix. BPPE noted that it had not received an Application for Approval to Operate from QuickStart, which approval is required unless QuickStart qualifies for an exemption. BPPE ordered that QuickStart cease operations and submit evidence of compliance within 14 days of the date of the letter. On July 22, 2014, the Company, through its counsel, responded to BPPE’s letter outlining QuickStart’s position that it qualifies for an exemption from the licensure requirement. The Company has also filed an application for a Verification of Exempt Status with BPPE in order to memorialize the exemption."