ITT Educational Services

ITT Trustee Sues Ed Department, Lenders to Help Pay $1.5B in Claims

ITT Trustee Sues Ed Department, Lenders to Help Pay $1.5B in Claims

Education Dive Dive Brief A trustee responsible for resolving the bankruptcy of ITT Educational Services is suing the federal government and the financial institutions that backed a loan program connected to the for-profit college,¬†according to The Wall Street Journal. She is seeking funds to pay for about $1.5 billion in […]

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SEC Settles Lawsuit Against For-Profit College Executives

SEC Settles Lawsuit Against For-Profit College Executives

CNBC The SEC on Friday said it settled a lawsuit against two former ITT Educational Services executives accused of hiding the defunct for-profit college operator’s actual financial condition from investors. The deal came after the SEC’s commissioners took the rare step last year of rejecting an earlier proposed settlement negotiated […]

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