Possible Silver State Helicopters Student Fraud Class Action

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Silver State Helicopters

A lawsuit has been filed and is seeking class action status against the helicopter school alleging fraud after closing the company and filing for bankruptcy. The complaint claims Silver State Helicopters told students and employees that the company was negotiating with new financial backers and that classes would be canceled for a week or two. But on February 3, 2008, the school shut down, leaving the certification and financial fate of thousands of students and employees up in the air.

Thousand of students nationwide are tens of thousands dollars in debt from school loans and now have nothing to show for it. The school cost upwards of $70,000 for 18-months of training. Silver State Helicopters fired all its employees and filed Chapter 7 bankruptcy. Students with thousands of hours of training left before certification are not being offered refunds or compensation.

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Last updated on Feb-6-08