The University of Chicago said that its settlement of a price-fixing suit would allow the school to avoid the distraction and expense of continued litigation.
Photo: E. Jason Wambsgans/Chicago Tribune/Getty ImagesThe University of Chicago has agreed to pay $13.5 million to settle a lawsuit in which it was accused of illegally colluding with other top universities to limit financial aid to students, making it the first defendant in the case to settle, according to a court filing Monday.
Persons:
Jason Wambsgans
Organizations:
University of Chicago, Chicago Tribune, Getty, The University of Chicago