June 11, 1992 |
A consumer-protection complaint against United Education and Software, a trade-school operator, has been settled, the state attorney general's office said Tuesday. The agreement provides $6.5 million in credit for students who are owed refunds by the Encino-based company. United Education operates Pacific Coast colleges in Santa Ana, Encino and Chula Vista, and Sawyer College of Business in San Diego. Its main subsidiary is operating under bankruptcy court protection.
July 23, 1991 |
Two relatives of past executives at troubled United Education & Software Inc. have agreed to settle insider trading cases recently filed against them by the Securities and Exchange Commission. Bettyann Lin, the wife of former United Education chairman Jack Lin, and Mark D. Cohen, the son of United Education's former president, Aaron Cohen, did not admit or deny the allegations, but both agreed to permanent injunctions barring them from future violations of insider-trading laws.
December 6, 1989 |
United Education & Software, the troubled Encino-based trade school operator that has been under fire from federal and state agencies, said it has filed for Chapter 11 bankruptcy protection with the federal bankruptcy court in Los Angeles. Aaron Cohen, United Education's president and chief executive, blamed the company's need to seek bankruptcy protection in part on the California Student Aid Commission, the state agency that administers the federal student loan guarantee program.
November 21, 1989 |
United Education & Software, an Encino-based trade school operator, said Monday that it has stopped accepting new students for its National Technical Schools' home-study program and laid off 170 of the school's 196 workers. UES said it took the actions because banks are refusing to provide loans to new students at the school. The banks have stopped making the loans because National Technical Schools' program has come under severe state and federal criticism.