ITT Educational’s CEO, directors scoff at $250M lawsuit
Attorneys for the defendants have asked the court to discuss the case, arguing it falls far short of the standards needed to warrant a full-blown trial.
Deborah Caruso
Articles
Indiana’s director protections complicate ITT lawsuit
A lawsuit filed by ITT Educational Services’ bankruptcy trustee seeks $250 million from the firm’s former CEO and board members, whom she alleges were disengaged as the business melted down.
2017 WOMAN OF INFLUENCE: Deborah J. Caruso
As bankruptcy trustee for ITT Educational Services Inc., Deborah Caruso has had to make sense of what was left of 137 campuses, where 8,000 people were laid off and 40,000 students left to fend for themselves.
Legal skirmishes break out over ITT documents, data
In digital and hard-copy form, the company controlled a massive trove of records—many of them academic transcripts and other student records that will need to live on for decades.
ITT trustee blasts firm’s former directors, seeks $50M
The trustee charges that Sam Odle and fellow outside directors should have ousted CEO Kevin Modany—a move that likely would have been well-received by the U.S. Department of Education and ITT’s accrediting agency.
Bankruptcy trustee appears poised to sue former ITT brass
Deborah Caruso has launched a no-holds-barred inquiry into the defunct company's business practices and is seeking documents and depositions from the accounting firms that audited its books.