Corinthian Colleges Inc said it would explore strategic alternatives as student enrollments decline and the company faces potential legal action from U.S. regulators. The for-profit education company said its board had authorized the retention of an investment bank to explore its options.California-based Corinthian faces potential legal action from U.S. consumer regulators over issues related to student loans.The company also said it was in non-compliance with certain bank debt covenants, but expected a waiver.Corinthian faces a multi-state inquiry by 13 attorneys general into its business practices.
Corinthian Colleges, Inc. is a post-secondary education company in the United States and Canada. Shares of COCO fell by 0.83% or $-0.01/share to $1.19. In the past year, the shares have traded as low as $1.15 and as high as $2.97. On average, 946521 shares of COCO exchange hands on a given day and today's volume is recorded at 525410.
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