Legally, the receiver needs court approval, and he doesn’t have it. The judge said he’s vacating the receiver order unless The Recieveship Possee can amaze him with a new dance on Monday. What happens when the receivership is vacated? What plans does the administration have when Argosy is cut loose? Is there any central control in Argosy, other than the group of Campus Presidents? DCEH and Studio will be in control - what will they do with Argosy? Will the judge appoint a new receiver?
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If DCEH files bankruptcy the WARN act if non existent. The company is flat broke, there is no money to pay anyone. Same thing happened when CCi closed the last of their schools and when ITT shut down.
But if the receivership is vacated then WARN would not be nullified, right? I’m not an attorney but this seems like something to look into? The DCEH board must have insurance
Recievership nullifies WARN
The judge can say whatever she wants, theres no staff and no money so theres no running of classes. If the courts actuallt gave a F they would have jumped in weeks ago.
I see a class action law suit was filed citing violation of the WARN act. Employees vs. DCEH. The receiver said he’s trying to get the filers to respect the receivership and wait.
2:19-cv-00151-NBF
CLEMONS et al v. DREAM CENTER EDUCATION HOLDINGS, LLC et al
Nora Barry Fischer, presiding
Wow. Have faculty contacted employment attorneys? Did they get official termination communication? Was it approved by the court??
ALLL communication about closure has been conditional. Nothing definitive. All carefully crafted.
Are they trying to force closure through attrition? If enough students and faculty stop showing up, does this abandonment achieve their goal?