People v. Oliver Schools, Inc.
The Attorney-General initiated an action to dissolve Oliver Schools, Inc. (OSI) due to its persistent and illegal failure to refund student loans to institutional lenders under the Guaranteed Student Loan program, resulting in substantial arrearages. OSI appealed the Supreme Court's order granting summary judgment for dissolution, contending that dissolution was unwarranted without a jury trial and that its due process rights were violated. The Appellate Court affirmed the dissolution, concluding that OSI's conduct constituted a grave and continuing abuse of corporate power that harmed the public welfare. The court found no contested material facts that would necessitate a jury trial and determined that OSI was afforded sufficient opportunity to be heard, thus no due process violation occurred.