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ITT trustee hires ‘feared’ litigators

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The Chapter 7 bankruptcy trustee for ITT Educational Services has hired “the most feared” litigators in the nation to help with investigating and prosecuting claims against the former directors and officers of the for-profit school.

Robins Kaplan LLP, based in Minneapolis, has been appointed as litigation co-counsel in the ITT bankruptcy. The U.S. Bankruptcy Court for the Southern District of Indiana granted the trustee’s application Friday.

The Indiana-based ITT filed for Chapter 7 protection in September 2016 after the U.S. Department of Education stopped the flow of federal student loan money to the for-profit school. Deborah Caruso of Rubin & Levin P.C. in Indianapolis was appointed as the trustee of the ITT estate.

Robins Kaplan has experience in bankruptcy matters with for-profit colleges and the trustee noted with more than 200 “highly trained trial lawyers” the firm can mobilize “to efficiently and aggressively pursue” the claims against former ITT officials. In its application to employ Robins Kaplan, the ITT trustee described the firm’s litigators as “the best and ‘most feared’” in the nation.

Currently, Robins Kaplan serves as counsel to the Corinthian Distribution Trust, established for the benefit of stakeholders in the bankruptcy of Corinthian Colleges Inc. This is the largest for-profit post-secondary education provider to file for Chapter 11 reorganization.

In addition, the firm’s notable victories include a $6.5 billion settlement with big tobacco; $2.7 billion arbitration award in Kraft v. Starbucks; and $269.4 million jury verdict in Celador International, Ltd. v. The Walt Disney Company.

“ITT was one of the country’s largest for-profit education companies holding a total enterprise value of approximately $5 billion at its peak during the close of the third quarter of 2007,” said H. Jeffrey Schwartz, co-chair of Robins Kaplan’s restructuring and business bankruptcy group and lead counsel to the official committee of unsecured creditors of Corinthian Colleges. “We look forward to working with the Trustee to efficiently and aggressively pursue all (director and officer) claims in an effort to recover stakeholder value.”
 

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  1. Employers should not have racially discriminating mind set. It has huge impact on the society what the big players do or don't do in the industry. Background check is conducted just to verify whether information provided by the prospective employee is correct or not. It doesn't have any direct combination with the rejection of the employees. If there is rejection, there should be something effective and full-proof things on the table that may keep the company or the people associated with it in jeopardy.

  2. Unlike the federal judge who refused to protect me, the Virginia State Bar gave me a hearing. After the hearing, the Virginia State Bar refused to discipline me. VSB said that attacking me with the court ADA coordinator had, " all the grace and charm of a drive-by shooting." One does wonder why the VSB was able to have a hearing and come to that conclusion, but the federal judge in Indiana slammed the door of the courthouse in my face.

  3. I agree. My husband has almost the exact same situation. Age states and all.

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  5. Andrew, if what you report is true, then it certainly is newsworthy. If what you report is false, then it certainly is newsworthy. Any journalists reading along??? And that same Coordinator blew me up real good as well, even destroying evidence to get the ordered wetwork done. There is a story here, if any have the moxie to go for it. Search ADA here for just some of my experiences with the court's junk yard dog. https://www.scribd.com/document/299040062/Brown-ind-Bar-memo-Pet-cert Yep, drive by shootings. The lawyers of the Old Dominion got that right. Career executions lacking any real semblance of due process. It is the ISC way ... under the bad shepard's leadership ... and a compliant, silent, boot-licking fifth estate.

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