Printer Friendly

UNITED EDUCATION & SOFTWARE INC. SETTLES LAWSUIT INITIATED BY CALIFORNIA ATTORNEY GENERAL

 UNITED EDUCATION & SOFTWARE INC. SETTLES LAWSUIT
 INITIATED BY CALIFORNIA ATTORNEY GENERAL
 LOS ANGELES, June 5 /PRNewswire/ -- United Education & Software Inc. (UES) (NASDAQ: UES) announced today the settlement of a lawsuit initiated by the California Attorney General in November 1989 alleging violations of state law in the operation of certain schools owned by UES.
 Noting that most of the schools that were the subject of the lawsuit were sold or closed more than two years ago, William S. Kalaboke, who assumed the positions of president and chief executive officer of UES in March of this year, said, "This settlement is an important step in the company's effort to complete its reorganization and emerge from Chapter 11 this summer."
 UES recently released its reorganization plan to creditors and other interested parties. Confirmation of the plan is scheduled to be considered by the Bankruptcy Court on July 2, 1992. UES's principal subsidiary filed for bankruptcy protection under Chapter 11 on Dec. 6, 1989.
 Under the proposed settlement, which is contingent on the company's emergence from Chapter 11, UES, without admitting wrongdoing, has agreed to pay the attorney general $600,000 over four years for student refunds. UES also will agree to a permanent injunction with respect to certain consumer protection practices at various career schools still owned by UES in California.
 "Many of the areas covered by the injunction became law in California in 1991. This is a good law and will help assure the integrity of schools in the state. We will continue to work closely with the state's education agency in its ongoing effort toward educational reform. By providing skills and training that lead directly to employment, accredited career colleges such as ours can contribute significantly to the state's and the nation's long-term growth," Kalaboke said.
 UES provides educational services through accredited occupational schools nationwide.
 -0- 6/5/92
 /CONTACT: Mitchell Schoen of United Education & Software, 213-846-3500/
 (UES) CO: United Education & Software Inc. ST: California IN: SU:


CH-AL -- LA010 -- 7450 06/05/92 12:21 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 5, 1992
Words:335
Previous Article:NBI ANNOUNCES LAYOFFS
Next Article:JOHN MCDONALD TO STEP DOWN AS HEAD OF BP OIL; STEVEN PERCY TO LEAD U.S. DOWNSTREAM OIL BUSINESS
Topics:


Related Articles
OFFICE OF THE ATTORNEY GENERAL: LIFE ALERT TO PAY $1.35 MILLION AND REVISE SALES PRACTICES IN SETTLEMENT REACHED WITH D.A.S AND THE A.G.
WASHINGTON STATE, TOP FOODS SETTLE BEEF OVER LABELING
MICROSOFT TARGETS SOFTWARE PIRACY AT TRADE SHOWS Files Copyright Suit Against Two Exhibitors
GOULDS PUMPS ANNOUNCES SETTLEMENT OF SUBMERSIBLE WATER PUMP LITIGATION IN CALIFORNIA
PRICE PFISTER ANNOUNCES SETTLEMENT OF PROPOSITION 65 LAWSUITS
CRAZY IRVING AGREES NOT TO RENT COMPUTER SOFTWARE WITHOUT LICENSE FROM PUBLISHERS
FAUCET FIRM SETTLES IN LEAD SUIT\Pacoima company to pay $2.4 million.
Microsoft Applauds Spam Enforcement Action by State of California and Federal Trade Commission; Internet Safety Enforcement Team Supported Lawsuit.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters