Corinthian College ordered to pay over $1 billion for misleading students

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A California judge ordered a now-defunct for-profit college chain to pay more than $1 billion Wednesday over claims the company misled students and investors.

The judgment is the latest step in a suit filed against Corinthian Colleges and its California subsidiaries by California Attorney General Kamala Harris in 2013. In the more than 20 page document, Judge Curtis Karnow ordered the school to pay $820 million to affected students and more than $350 million in civil penalties.

It’s unlikely former students will get that money from Corinthian’s pockets, though. The company filed for bankruptcy in May and listed assets of $19.2 million. A judge later approved a plan for the company to liquidate its assets.

http://www.marketwatch.com/story/for-profit-college-ordered-to-pay-over-1-billion-for-misleading-students-2016-03-24

Another entreprenurial Republican style free market scam!

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1. Somewhere, Donald Trump's left eye just twitched

Luckily for Trump, none of his pals in the popular media will dare ask him about Trump University next time he calls their show for an interview.

[leveymg]

2. Bill was riding the for-profit college gravy train. Privatization a leading mission of the Foundat

Things that used to be considered basic human rights, public education and access to water, for instance, are now part of the privatization development paradigm.

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3. And liability insurance will pay to the limit of policy

And good luck getting more.