DeVry Ducks False Advertising Suit Over Job Placement Rates

Law360, New York (December 6, 2017, 5:31 PM EST) -- An Illinois federal court ruled Wednesday that DeVry University shareholders failed to sufficiently back their claims that top brass at the for-profit college intentionally lied about student outcomes, alleged misrepresentations the investors say sparked a $100 million settlement with the Federal Trade Commission that sent its stock price tumbling.

Dismissing the suit, U.S. District Judge Jorge L. Alonso said that while it was a “close question” whether Utah Retirement Systems had sufficiently alleged DeVry lied to students and investors about its “90 percent” post-graduation job placement...
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