google65222aaba5ef6dda
 
A California state court judge has hit now-defunct Corinthian Colleges with a $1.1 billion judgment for deceptive trade practices that played a significant role in the unraveling of the for-profit education giant nearly a year ago.

The final default judgment entered by San Francisco Superior Court Judge Curtis E.A. Karnow found that Corinthian had "knowingly misled students with phony job numbers and advertisements for programs that didn't exist, illegally used official military seals in its promotions and engaged in unlawful debt collection practices, among other violations," according to a report in the San Jose Mercury News.

The suit against Corinthian was brought by California Attorney General Kamala Harris, one of a number of state and federal regulatory actions brought on behalf of current and former students of for-profit giant Corinthian, which aggressively and deceptively marketed education programs under brands that included Heald, Wyotech and Everest.

In April 2015, under intense regulatory pressure, Corinthian suddenly closed, filing bankruptcy a month later.

In a news release, the California attorney general hailed the $1.1 billion judgment, saying, "This judgment sends a clear message: there is a cost to this kind of predatory conduct."

 


Comments


Your comment will be posted after it is approved.


Leave a Reply