California sues Corinthian Colleges for misleading students
SAN FRANCISCO (REUTERS) - The state of California filed suit against Corinthian Colleges Inc for misrepresenting job placement rates to its students and investors, employing false and predatory advertising, and for securities fraud, according to a court filing on Thursday.
The lawsuit was filed in San Francisco superior court on Thursday against the company and its subsidiaries that operate Everest, Heald and WyoTech colleges.
Corinthian, which describes itself as one of the largest post-secondary education companies in North America, said it would fight the suit.
For-profit colleges have come under fire in recent years for having poor track records in helping students find employment.