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Facing lawsuits and financial losses, Chubb Corporation put the school for sale in 2004 and eventually sold it for $1 to a partnership of private equity firms called Great Hill Partners and the High-Tech Institute, a network of similar technical schools based in Phoenix, Arizona. Chubb Corporation recognized a $31 million loss from the sale.
In November 2000, Afshin Zarinebaf, Ali Mousavi, and another graduate of one of DeVry University's Chicago-area campuses filed a class-action lawsuit accusing DeVry of widespread deception, unlawful business practices, and false advertising, alleging that students were not being prepared for high-tech jobs. The lawsuit contributed to a 20% ...
The ad was presented as "An Open Letter to President Clinton from 240 Economists on Antitrust Protectionism." It said in part, "Consumers did not ask for these antitrust actions – rival business firms did. Consumers of high technology have enjoyed falling prices, expanding outputs, and a breathtaking array of new products and innovations. ...
Website. itt-tech .info. ITT Technical Institute ( ITT Tech) was a private for-profit technical institute with its headquarters in Carmel, Indiana and many campuses throughout the United States. Founded in 1969 and growing to 130 campuses in 38 states of the United States, ITT Tech was one of the largest for-profit educators in the US before it ...
Massachusetts Bay Transportation Authority v. Anderson, et al., Civil Action No. 08-11364, was a challenge brought by the Massachusetts Bay Transportation Authority (MBTA) to prevent three Massachusetts Institute of Technology (MIT) students from publicly presenting a security vulnerability they discovered in the MBTA's CharlieCard automated fare collection system.
Colorado Technical University ( CTU) is a private for-profit university with its main campus in Colorado Springs, Colorado. Founded in 1965, CTU offers undergraduate, graduate, and doctoral degrees, primarily in business, management, and technology. About 92% of Colorado Tech's students are fully online. [3]
In re: High-Tech Employee Antitrust Litigation ( U.S. District Court, Northern District of California 11-cv-2509 [10]) is a class-action lawsuit on behalf of over 64,000 employees of Adobe, Apple Inc., Google, Intel, Intuit, Pixar and Lucasfilm (the last two are subsidiaries of Disney) against their employer alleging that their wages were ...
Death of Elizabeth Shin. Elizabeth Shin (September 26, 1980 – April 14, 2000) was a Massachusetts Institute of Technology (MIT) student who died from burns inflicted by a fire in her dormitory room. Her death led to a lawsuit against MIT and controversy as to whether MIT paid adequate attention to its students' mental and emotional health ...