Gryphon Investors is a private equity firm specializing in buyouts, leveraged build ups, leveraged acquisitions, bridge, and growth capital investments in middle market companies. The firm targets its investments in business services, environmental services, insurance services, industrial, value added distribution, niche manufacturing, transportation, logistics, consumer, healthcare, education, specialty retail, and general industry sectors. It typically invests in industries that have high fragmentation, scale advantages, strong underlying demographics, and demand drivers. The firm prefers to invest in companies based in the United States. It prefers to invest between $25 million and $75 mi...
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San Francisco, CA 94105
Founded in 1995
United States District Court Dismisses Class-Action Suit against Miami-Jacobs Career College, Delta Career Education Corporation and Delta Education Systems, Inc. and Gryphon Investors
Feb 2 13
A United States District Court judge ruled that a class action lawsuit filed against Miami-Jacobs Career College and its related companies could not move forward in court because the 11 former student plaintiffs could not avoid their signed agreement that all disputes will be resolved through arbitration. U.S. District Judge Timothy S. Black issued an opinion that dismissed in part the lawsuit, which was filed on behalf of all students who have enrolled in Miami-Jacobs allied health programs since 2004 and the United States and its taxpayers. The suit was filed against the for-profit Miami-Jacobs, and its owners Delta Career Education Corp., Delta Education Systems Inc., and Gryphon Investors. It was stayed pending arbitration. The plaintiffs had argued that the court should not enforce the arbitration agreement, which students signed as part of their enrollment agreement, because the students were relatively uneducated and in low-paying jobs (and) unsophisticated consumers. They argued also their attempt to avoid arbitration was justified because they are inexperienced and unfamiliar with the process and their enrollment agreement presented a "take-it-or-leave-it" scenario. However, plaintiffs were adults and high school graduates who could read and write before signing the agreements. Plaintiffs never claim that Miami-Jacobs prohibited them from reading any of the contracts they signed (which were only two pages long), told them that they could not seek legal advice, or refused to provide them information regarding arbitration if asked. The suit was filed in February 2012 and was kept sealed until August.