SoylentNews is people
SoylentNews
Submission Preview
16 Top Colleges Sued for Alleged Violation of Federal Antitrust Laws by Colluding on Their Financial
████ # This file was generated bot-o-matically! Edit at your own risk. ████
This could have legs
16 top colleges sued for alleged violation of federal antitrust laws by colluding on their financial-aid practices
The complaint, which was filed Sunday, alleges that these private national universities have "participated in a price-fixing cartel that is designed to reduce or eliminate financial aid as a locus of competition, and that in fact has artificially inflated the net price of attendance for students receiving financial aid."
The suit is asking for class-action status to cover any US citizen or permanent resident who paid tuition, room, or board at these institutions within varying timeframes from 2003 to the present. The plaintiffs want a permanent injunction against this alleged conspiracy, and that they are also seeking restitution and damages to be determined in court.
Privacy Policy: We don't track anyone except on this site, so DNT requests aren't relevant and are ignored. We don't collect any personally identifiable information from you except your email address, which: you can change at any time, never has to be real in the first place, is only used to contact you if necessary or requested, and we share with nobody.