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.
Silver State Settlement Frequently Asked Questions
Headlines and Press Releases
- Class Action Achieves Student Loan Debt Forgiveness In Excess Of One Hundred Million Dollars For Students Of Failed Vocational School, Silver State Helicopters, October 27, 2009
- Student Loan Express Shuts Down Operations on May 19, 2008
- A copy of the press release can be found here »
- Helicopter School Students Settle With Lender Student Loan Xpress, October 2009
Court Filings
- Settlement Agreement With Student Loan Xpress
- JOINT MOTION FOR (1) PRELIMINARY APPROVAL OF CLASS ACTION SETTLEMENT
- Order Denying Key Bank's Motion to Compel Arbitration
- A copy of the second amended complaint can be found here »
- A copy of the first amended complaint can be found here »
- A copy of the lawsuit can be found here »