Mount Ida Didn't Owe Students Fiduciary Duty, 1st Circ. Rules

Law360 (March 26, 2020, 2:50 PM EDT) -- The First Circuit snuffed out efforts by former Mount Ida College students to hold the school and its leaders accountable for the rushed and haphazard way it closed, affirming that colleges do not owe a fiduciary duty to students.

U.S. Circuit Judge Sandra L. Lynch said in the opinion published Wednesday that Mount Ida didn't need to warn students of its deteriorating finances and impending closure, which left many scrambling to enroll at other schools to complete their degrees.

Judge Lynch cited other cases holding that colleges do not owe a fiduciary duty to students, an issue she had highlighted during arguments earlier...

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