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Category Archives: Uncategorized

Status of California KeyBank Litigation and KeyBank Settlements

Here is the latest word from our friends Andrew August and Kevin Rooney at Pinnacle Law Group regarding the status of the proposed class action case that they filed in California against KeyBank: “As we mentioned last week, the District Court granted KeyBank’s Motion to Dismiss. While this was extremely disappointing, the District Court went […]

New Letter From KeyBank

All former Silver State Helicopters students with outstanding loans from KeyBank can expect to receive a letter from KeyBank, typically dated June 15, 2010, based on the following template: KeyBank4910 Tiedeman RoadBrooklyn, OH 44144 NameAddress Student Loan Acct# Dear __________________: KeyBank is corresponding with you regarding the loans that you obtained to attend Silver State […]

Status On Proposed Class Action Settlement With Student Loan Xpress

Judge Merryday still has not ruled on the proposed class action settlement agreement submitted for his approval on March 22, 2010.

KeyBank Settlement Offers Go Out to 42 Clients

On Friday, June 4, 2010 I e-mailed individual settlement offers from KeyBank, National Association and Great Lakes Educational Loan Services (collectively “KeyBank”) to 42 of my clients who obtained loans from KeyBank to attend Silver State Helicopters School. I anticipate e-mailing individual settlement offers to additional clients of mine with KeyBank loans as soon as […]

HOUSE PANEL CONSIDERS BILL TO DISCHARGE PRIVATE STUDENT LOANS IN BANKRUPTCY

The House Judiciary Subcommittee on Commercial and Administrative Law today weighed a bill to amend the Bankruptcy Code to allow private student loans to be discharged. Witnesses at the hearing today on H.R. 5043, the “Private Student Loan Bankruptcy Fairness Act of 2010,” included Deanne Loonin of the National Consumer Law Center, John A. Hupalo […]

Bad News

United States District Court Judge Thelton E Henderson signed a 23 page Order today Granting KeyBank’s Motion to Dismiss Third Amended Complaint in the Northern District of California case entitled Matthew C. Kilgore et al. v KeyBank National Association, et al., Case No. C08-2958 TEH today. The judge dismissed the case with prejudice. This means […]

A False Claim

Someone opposed to the proposed class action settlement has asserted that the SLX SSH loans are no longer collectible because CIT Group (SLX’s parent company) has “written off” the SSH loans. This assertion is a false claim. I spoke with class counsel Andy August about this today. Here are his thoughts: “This assertion is not […]

A Strange Letter

Many of my clients reported receiving a strange letter stating that their loan was being sold by Student Loan Xpress, Inc. to Student Loan Xpress, Inc. My investigation shows that this letter was sent in error by AES and that it has no effect whatsoever on the proposed class action settlement agreement.

Proposed Class Action Settlement for Former SSH Students with Loans from Student Loan Xpress Loans is “Under Submission”

The hearing on the proposed class action settlement agreement took place on Monday, March 21 in Florida, but no ruling has been made yet. I spoke this week with Andy August of Pinnacle Law Group, one of the class counsel lawyers that attended the hearing on Monday. I also spoke with Robert Stone, one of […]

KeyBank Update

This is a status update for all of my clients with KeyBank loans. I have signed a confidentiality agreement with counsel for KeyBank and am renewing my attempts to negotiate a proposed settlement agreement that I can recommend to you. I do not have any such agreement yet. Meanwhile, Andy August of Pinnacle Law Group […]

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