University of Chicago to pay $13.5M to students for 'price-fixing cartel'
businessinsider.com
University of Chicago to pay $13.5M to students for 'price-fixing cartel'
1–10 of 13 posts
Re: University of Chicago to pay $13.5M to students for 'price-fixing cartel'
#2Cartel members: UChicago, Columbia, Cornell, Duke, Georgetown, MIT, Northwestern, Notre Dame, Penn, Rice, Vanderbilt, and Yale.
Re: University of Chicago to pay $13.5M to students for 'price-fixing cartel'
#3Has nearly 19k students according to https://www.univstats.com/colleges/university-of-chicago/stu...
So that's about $700/person. Less if graduated students get comped too.
Re: University of Chicago to pay $13.5M to students for 'price-fixing cartel'
#4Re: University of Chicago to pay $13.5M to students for 'price-fixing cartel'
#5Has nearly 19k students according to https://www.univstats.com/colleges/university-of-chicago/stu... So that's about $700/person. Less if graduated students get comped too.
Presumably this is mostly undergrads. And as someone who works at UChicago, very not surprised...
Re: University of Chicago to pay $13.5M to students for 'price-fixing cartel'
#6I wonder if universities would ever get RICO'd over stuff like this...It desperately needs to happen.
Re: University of Chicago to pay $13.5M to students for 'price-fixing cartel'
#7Has nearly 19k students according to https://www.univstats.com/colleges/university-of-chicago/stu... So that's about $700/person. Less if graduated students get comped too.
There is a need for the actual plaintiffs in cases like these to have a direct line to the public or at least media.
This settlement can’t possibly even make these folks whole, much less property disincentivize future abuse — but it’s probably a windfall for their attorneys.
Separately, one of the ~common posts on r/legaladvice is something like “My college awarded me a scholarship and applied it to tuition last year. This year they said it was a mistake and took it back.”
Re: University of Chicago to pay $13.5M to students for 'price-fixing cartel'
#8Has nearly 19k students according to https://www.univstats.com/colleges/university-of-chicago/stu... So that's about $700/person. Less if graduated students get comped too.
Presumably this is mostly undergrads. And as someone who works at UChicago, very not surprised...
> And as someone who works at UChicago, very not surprised...
Go on...
Re: University of Chicago to pay $13.5M to students for 'price-fixing cartel'
#9Wow I thought they are supposed to be good at Economics there.
Re: University of Chicago to pay $13.5M to students for 'price-fixing cartel'
#10Wow I thought they are supposed to be good at Economics there.
They're great at economics. They made a ton of money off of it.
Apparently they're not great at covering things up, but that's not something they're supposed to teach in school.