Fornits
Treatment Abuse, Behavior Modification, Thought Reform => CEDU / Brown Schools and derivatives / clones => Topic started by: hurleygurley on April 01, 2005, 12:47:00 PM
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Posted on Tue, Mar. 29, 2005
Click here to find out more!
http://www.kvpress.com/news/articles05/0331jobfair.htm (http://www.kvpress.com/news/articles05/0331jobfair.htm)
"School operator files for bankruptcy
Associated Press
AUSTIN - An Austin-based operator of schools for troubled youths that has been targeted by state regulators and private lawsuits has filed for Chapter 7 liquidation in Bankruptcy Court in Delaware.
The filing Friday from The Brown Schools Inc. lists at least $425,000 in legal settlements among its unsecured claims.
Brown Schools operates 11 boarding schools and educational facilities for troubled children in Texas, Idaho, California, Florida and Vermont, according to its Web site.
Texas regulators cited the On Track program of the Brown Schools for multiple violations after the 2002 death of 17-year-old Chase Moody of Richardson. Regulators alleged that an improper restraint was used at the Mason County program, but a grand jury later concluded that no criminal charges were warranted.
Brown Schools filed for liquidation along with 24 affiliates. It reported assets of less than $10 million and debt between $10 million and $50 million.
The filing doesn't say who currently owns the Brown Schools. Until recently, Menlo Park, Calif., investment firm McCown, De Leeuw & Co. owned Brown Schools and its unit, CEDU School Inc."
They don't miss a thing!
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Check their list of creditors at this link- beginning page 8. Many settlements, attorneys fees, medicare audit, food service , Staples 32K??, amongst others.
http://alt.coxnewsweb.com/statesman/bus ... tition.pdf (http://alt.coxnewsweb.com/statesman/business/032905_bankruptcy_petition.pdf)
http://www.statesman.com/business/conte ... BROWN.html (http://www.statesman.com/business/content/metro/stories/03/1BROWN.html)
Brown Schools' bankruptcy filing puts lawsuit settlements in jeopardy
Plaintiff says company pressed for settlements, raises question of bad-faith negotiating.
DEATH BY RESTRAINT
Texas lacks a tough law on prone restraint method that's banned in three states. Read more about it in our special report, Death by Restraint. MORE ON THIS STORY
Brown Schools Inc. files for bankruptcy
The Brown Schools bankruptcy petition
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By Robert Elder Jr.
AMERICAN-STATESMAN STAFF
Friday, April 01, 2005
Find this article at:
http://www.statesman.com/business/conte ... BROWN.html (http://www.statesman.com/business/content/metro/stories/03/1BROWN.html)