It is not a rumor that some newhires are going over 40 hrs IOE, its factual. I have heard of at least one who approached 75 hrs. This is of course a result of hiring low time pilots.
However, as other options disappear for potential newhire FOs then Eagle will get more selective if they continue hiring and the whole problem will disappear.
Think about all the trained pilots that are about to be furloughed at other regionals- maybe Eagle is just stalling until some of those guys become available?