Corinthian Colleges Reports Favorable Arbitration Award in Satz Case – Arbitrator Finds in Favor of Company on All Counts

SANTA ANA, CA – Jan. 23 (SEND2PRESS NEWSWIRE) — [Original release date July 11, 2005] — Corinthian Colleges, Inc. (NASDAQ: COCO) has received a favorable arbitration award in the case of Satz vs. Rhodes Colleges, Inc., Corinthian Colleges, Inc., and Florida Metropolitan University. Satz asserted claims on his own behalf and a putative class of similarly situated current and former students in the Company’s Florida Metropolitan University (‘FMU’) campuses in Florida and online.