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Emory settles for $18.5 million in financial aid price-fixing lawsuit

Emory settles for $18.5 million in financial aid price-fixing lawsuit
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Financial Aid Antitrust Lawsuit: Settlements at Emory, Rice, and Vanderbilt Signal Potential Shift in Legal Battle

Emory, Rice, and Vanderbilt settle in a financial aid antitrust lawsuit, signifying a potential turning point in a legal battle. Continue reading for more details.

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More universities settle financial aid lawsuit

Rice, Emory and Vanderbilt quietly settled last fall in a financial aid lawsuit against 17 institutions. Now pressure is mounting for the remaining defendants in the case. Emory, Rice and Vanderbilt Universities all appear to have settled in a financial aid antitrust lawsuit that accused 17 institutions of illegally colluding to limit student financial aid packages. The class action case filed in January 2022 alleges that the highly selective universities effectively operated a “cartel” by colluding in the way they calculated financial aid awards. As a result, thousands of students overpaid for their education, plaintiffs argue.

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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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It's official: Silicon Valley's entire business model is a scam

In 2016, Matt Wansley was trying to get work as a lawyer for a tech company — specifically, working on self-driving cars. He was making the rounds, interviewing

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Business Model Fueling Silicon Valley Tech Companies May Be Illegal

New research reveals that the tech industry uses predatory pricing to crush competitors and bilk investors

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The dirty little secret that could bring down Big Tech

New research reveals that the tech industry uses predatory pricing to crush competitors and bilk investors

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It's official: Silicon Valley's entire business model is a scam

New research reveals that the tech industry uses predatory pricing to crush competitors and bilk investors

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The 'unfathomable' price of war

The 'unfathomable' price of war
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Chips central to new White House supply chain plan

Also: Capitol Hill and the U.S. tech industry are reacting to a ramp-up in EU efforts to regulate American tech companies.

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