I am an attorney who taught Business Law at an AI.

EDMC has listed all AI locations in its bankruptcy filings. EDMC is required by the Federal Bankruptcy Judge to respond to motions and requests about its assets and liabilities.

The peculiar part is why AI locations were still listed as EDMC assets when they were -allegedly- sold to DCEH. Corporations can and do form shell companies for a variety of reasons to hide assets and liabilities but they usually aren’t fully functioning entities.

Of course, given what is now happening, maybe all AI campuses will soon not be open, rendering the question moot

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AiPorn

Because the AI assets that EDMC Listed were those schools they announced closure on.

EDMC did right on the schools they committed to closing.

DCEH couldn’t live up to its commitments however. They didn’t understand the implications of having to close a school and how costly it is. They have no cash.

DCEH should have never bought all the schools they did. It was like buying a mortgage backed security that had some good schools in it (Su) and some toxic schools in it ( AiO).

They should have just purchased what they wanted and tried to make it work.

Worst thing is that the DoE allowed this to happen. And Goldman, Providence, KKR allowed all that debt to be put on EDMC and then walk away from the closure costs. DCEH didn’t know what they were doing.

Students got hurt in the end.

MrXZ85

Did you teach Business Law as it applies to Criminal Justice at Ai.

I've heard that course was top heavy with Criminal and short on Justice.

At least that's what the students said.

The only law of concern right now: The federal WARN act gives employees the right to a certain amount of notice before a plant closing or large-scale layoff. If the employer fails to give proper notice, employees are entitled to damages.

Under WARN, larger employers must give advance notice of mass layoffs or plant closings that will result in a certain number or percentage of employees losing their jobs. Employers are covered if they have at least 100 full-time employees or at least 100 employees who work a combined 4,000 hours or more per week. (Full-time employees are those who work at least 20 hours a week and have been employed for at least six of the 12 months ending on the date when notice must be given under WARN.) (https://www.nolo.com/legal-encyclopedia/layoff-protections-florida-employees.html)

THEY JUST RECENTLY LIMITED OVERTIME TO REDUCE THE NUMBER OF TOTAL # OF HOURS WORKED AT EACH CAMPUS IN PREPARATION FOR THE NEXT ROUND OF LAYOFFS. THE INITIAL 4/25/18 LAYOFF MAY HAVE VIOLATED THE WARN ACT.

ybc, Hello there Brent Richardson and Team.

You sound more like an ADA who read a NOLO article....

Thread regarding Dream Center Education Holdings, LLC (DCEH) layoffs

I am an attorney who taught Business Law at an AI.

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