Breaking news to all the 4th floor dip stick.
**Corinthian Colleges sued for not paying rent at corporate headquarters**** Guess this means the ivory towers will be locked soon? LOL
http://www.latimes.com/business/la-fi-corinthian-colleges-rent-20140827-story.html
"but the Landlord still chose to spend perfectly good money to file suit" We are talking about $381,000! A few dollars on a lawsuit for an instant $381,000 payment is probably money well spent. Let's just say, I'd spend the money for a lawsuit to get an instant $381,000 payment.
CCI is behind on all vendors. At some point vendors will get tired of not being paid. As for the lease payments, they have the right to evict for breach of contract.
So it was all worked out...but the Landlord still chose to spend perfectly good money to file suit....seems a little strange to me.
A Corinthian spokesman, Kent Jenkins, said the company has since paid the rent in full and had "sufficient financial resources to make this payment at all times."
Rent has been paid!
Doing the happy dance. Chapter 11 is just around the corner now :) :) :)
Out fu**ing standing. This could not happen to a nicer building.