California Atty. Gen. Kamala D. Harris won a more than $1.1-billion judgment Wednesday against the now-defunct Corinthian Colleges, after a San Francisco judge ruled that the company’s advertising practices misled students and violated the law. Granting a default judgment, San Francisco Superior Court Judge Curtis Karnow found that Corinthian Colleges provided untrue or misleading statements about graduates’ job placement rates, duping both students and investors, and that the Santa Ana-based company unlawfully used U.S. military seals in advertisements, among other claims.
Read the whole story at LA Times
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