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Home / News / Students from defunct ITT Tech get a shot at claiming school’s remaining assets

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Students from defunct ITT Tech get a shot at claiming school’s remaining assets

January 26, 2018 / PSU-AAUP

OregonLive
By The Washington Post
January 24, 2018

A federal judge approved a settlement Wednesday allowing former students at ITT Technical Institute to participate in the bankruptcy proceedings of its parent company, giving them a shot at the remaining assets of one of the nation's largest for-profit college operators.

The agreement resolves a lawsuit students filed against ITT Educational Services last year to join the line of creditors, federal regulators, state attorney general and employees seeking redress from the defunct company. It recognizes a $1.5 billion claim that students, who attended the school between 2006 and 2016, asserted against the company for breach of contract and consumer protection violations.

Read the full article at the OregonLive website here.