What does UChicago's settlement mean for the co-defendants?

The University of Chicago settled a federal antitrust lawsuit over financial aid. What does that mean for the 16 remaining defendants in the class action case? The University of Chicago will pay $13.2 million to settle a financial aid antitrust lawsuit in which it was one of 17 institutions accused of illegally colluding to limit student financial aid packages. Now, with the settlement pending approval from a judge, officials from the other 16 institutions must decide what to do: follow the University of Chicago’s lead and settle the lawsuit, or continue an expensive and likely lengthy legal battle.

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