ITT Educational Services (ESI) trading halted with news pending
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ITT Educational Services (ESI) Shares Drop Upon Resumption
September 1, 2016 2:09 PM EDTITT Educational Services (NYSE: ESI) shares have resumed trading. The stock is down around 17 percent.
... MoreITT Educational Services (ESI) Says Chubb (CB) Demands Company Post $19.8M in Collateral
September 1, 2016 1:51 PM EDTITT Educational Services (NYSE: ESI) disclosed it received a letter from Chubb (NYSE: CB), whereby Ace American Insurance Company, on behalf of itself and the other insurance companies (the Sureties) named in the Agreement of Indemnity entered into by the Company on August 19, 2003 (the GAI), makes demand on the Company to post collateral in the amount of $19.8 million (which is equal to 100% of the outstanding amount of the Surety Bonds (defined below)) in the form of an acceptable irrevocable letter of credit. The GAI had been entered into... More
