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Education Management settles with DOJ

  • Education Management (NASDAQ:EDMC) reached a $95.M settlement with the DOJ to resolve a lawsuit filed by the government.
  • The company was accused of using deceptive recruiting tactics.
  • As part of the settlement, Education Management will forgive debts of students who enrolled for classes between 2006 and 2014, but dropped out in fewer than 45 days.

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Education Management Corporation