One way for law students to deal with their hefty student loans is to find a well-paying job and stick to a repayment plan; another method is to sue their law schools for improper marketing.
According to a recent report from The Wall Street Journal, class-action lawsuits were filed against Michigan and New York-based law schools. The plaintiffs claim the schools inflated employment statistics in order to make them look more attractive to prospective students. All of the plaintiffs are former students of the defendant schools.
With these lawsuits, the plaintiffs seek “to remedy a systemic, ongoing fraud that is ubiquitous in the legal education industry and threatens to leave a generation of law students in dire financial straits.”
These schools were targeted, according to the report, because of their large class sizes, with each having close to 1,000 students every year. In return, the suits seek between $200 million and $250 million in tuition reimbursement from the schools.
The lawsuits highlight the importance of companies of any kind adhering to legal business and marketing practices. Deceiving clients or misrepresenting facts can lead to expensive professional liability lawsuits or damaged reputations.
