Liquidation

The Federal Deposit Insurance Corp. and Bank of America Corp. have settled their long-running battle over who is ultimately responsible for losses tied to the sale of mortgage securities to more than two dozen failed banks. Read the Daily Bankruptcy Review story in The Wall Street Journal.

With the closure of Bryman College and sister school BioHealth College, programs to protect its more than 300 students sprang into action, helping them obtain tuition refunds and loan forgiveness.

But for the colleges’ 85 employees—who were laid off without payment of wages they were owed or severance—there’s no safety net.