Reports are surfacing that Lon Morris College in Jacksonville, TX, is undergoing a financial reconstruction. All but 11 employees have been furloughed.
Update Wednesday at 8:06pm: CNN talks to Lon Morris defensive line football coach Eric Morris. "For this to happen... it's really hurtful."
KLTV in Tyler shared the news that employees were let go in an email sent Wednesday morning from Morris VP Jack Nelson, and they've posted a copy of that email.
Bridgepoint Consulting Group has appointed director Dawn Ragan as Chief Restructuring Officer.
Lon Morris just fired all employees by email and told students they have ten days to move out. That was Texas' oldest private institution.
— Dave Campbell's TF (@dctf) May 23, 2012
— Jason McDaniel (@jasonrmcdaniel) May 23, 2012