Hellerman Baretz is providing PR support to a legal charge against bankrupt Corinthian Colleges Inc. on behalf of thousands of debt-laden students of the defunct institution.
Corinthian, one of the largest for-profit college companies at its peak, on April 26 ceased operations at its remaining 28 campuses and filed for bankruptcy protection a week later after the Dept. of Education choked off its access to federal financial aid.
But the 16,000 remaining current students of Corinthian have banded together in a rare legal maneuver to form a special committee granted by the U.S. Trustee's Office, giving them a formal role in Corinthian's bankruptcy proceedings as the seek to knock out student loans they say they were misled into financing.
The group, which alleges Corinthian acted in a fraudulent and misleading manner, is represented by three law firms, Public Counsel Law Center, Robins Kaplan, which has engaged Hellerman Baretz for PR, and Strumwasser & Woocer.
The group estimates that around 500,000 current and former students are impacted by the bankruptcy with student debt claims of as much as $25B.
Hellerman Baretz VP Kelsey Nason is handling PR out of New York.
Abernathy MacGregor has counseled Corinthian on the PR front.
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