Thread regarding Education Management Corporation layoffs

New Class Action Lawsuit Filed Oct 3rd

Yet another bridge burned, this time its a class action lawsuit. How much is it going to cost to settle all these? What one company can do to have so many people pissed off across the country boggles the mind. http://www.marketwired.com/press-release/-1954510.htm

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Post ID: @OP+xVUhchT

8 replies (most recent on top)

Well, the stock price as of this morning dropped to its record low of all times of 0.92 cents. So apparently lawsuits DO matter. And we are not done yet, there is no cut off period to file unless they go BK.

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Post ID: @1yt3+xVUhchT

I call bull on lawsuits not meaning anything. All legal action costs money. Either through direct funds or insurance. As far as draining investors of their money, don't be surprised if these firms are doing it on contingency. They could get a big pay out so it's really not hurting the investors to take legal action as you suggest.

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Post ID: @1Cdv+xVUhchT

I "be lieve" they should fire the illiterate employees first.

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Post ID: @1p1X+xVUhchT

I bet it was from one of those "hot" OHE woman!

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Post ID: @15WO+xVUhchT

That's a typical ball licker post ;)

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Post ID: @mZ1+xVUhchT

Ummmm smoke weed much? Try posting that one again sober eh?

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Post ID: @Avx+xVUhchT

I believe that KKR is going to turn out a lean company which woul terrify the mental gold rickets. Wait until you get an idea of what Kravis expects from employees, they will not have to lay off your worthless ass.

I also believe that since one can not insure losses in the stock market it is wise to explore lawsuits just in case a recovery can occur. ah the major minds in the EDMC talent squad, these suits cost nothing if one doesn't settle, one can insure one's litigation.

Cost "us"so far in life it is clear you own nothing how could it cost you? Are you stupid enough to think that somebody other than the investors who have worked to produce income to invest are going to pay. Perhaps you are that stupid.

Try working a bit at your job you will find a new world skippy! Companies only lay off non productives.

I don't like Ed a West at all. He allows his company to hire liars and incompetents that think they are entitled to a paycheck. That is bad management. It is bad management to continue to employ inadequate liars who mislead students. It is bad management to provide security for their well being rather than discharge them.

However for those of us who have worked and don't just read a headline and think we are experts and shout fire. For those of us who are tough enough to play the adversarial game of investment it is not bad management to allow bottom feeders to file illegal action at the expense of their clients. Pussy

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Post ID: @CjX+xVUhchT

It's going down, I'm yelling timber!!!

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Post ID: @7IO+xVUhchT

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