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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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Case Information

Case Title

Pension Trust Fund for Operating Engineers v. DeVry Education Group, Inc. et al

Case Number



Illinois Northern

Nature of Suit



Honorable Jorge L. Alonso

Date Filed

May 13, 2016

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