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Silver State Litigation Update

On May 12, 2008, Pinnacle Law Group, LLP filed in the California Superior Court (Alameda County) the first class action lawsuit in the country on behalf of former students of the defunct Silver State Helicopters vocational school (“Silver State”). The lawsuit against KeyBank USA, N.A. and its affiliated entities (“KeyBank”) seeks to prohibit KeyBank from enforcing loans it made to California students who enrolled in Silver State, financed their tuition through KeyBank but had not completed their education when the school shut its doors without warning on Super Bowl Sunday and filed for bankruptcy the next day.

  • A copy of the lawsuit can be found here »
  • A copy of the first amended complaint can be found here »
  • A copy of the second amended complaint can be found here »
  • A copy of the press release can be found here »
  • Student Loan Express Shuts Down Operations on May 19, 2008 here »