Mount Ida College Escapes Students' Suit Over Closure
Law360 (May 28, 2019, 9:16 PM EDT) -- The now-defunct Mount Ida College and several of its former top officers won't have to face a proposed class action claiming the school hid its financial woes from students before closing abruptly last year, a Massachusetts federal judge ruled on Friday.
U.S. District Judge Richard G. Stearns on Friday said he would toss the case without giving the former students another chance to amend their complaint against the shuttered school.
Judge Stearns said the students' fraud claims fail because they hadn't shown that the school's publicly available reports on its financial status had contained any false information. The students had claimed...
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