For Profit Universities Mislead Students For Financial Gain. Our Firm Is Seeking Justice

James Lawrence Magazine

Written by

Litigation Lawyer

Posted September 11, 2012

For Profit Universities Mislead and Deceive Students. The Law Offices Of Lucas, Green, & Magazine Seek Financial Relief For Students

Education Management Corporation (EDMC) is currently facing numerous allegations of improper or illegal conduct at its subsidiary institutions by Clearwater Florida based Lucas, Green & Magazine on behalf of numerous students. Those institutions include: The Art Institute, Argosy University, South University, & Brown Mackie College.

Tampa, Florida

Education Management Corporation (EDMC) is the operating corporation of four for-profit colleges. Those four colleges include: The Art Institutes, Argosy University, South University, & Brown Mackie College. EDMC is a publically traded company on the NASDAQ under the symbol EDMC. Currently, Goldman Sachs owns an estimated 41% of EDMC. In 2011 Profits for the company exceeded $3 Billion.

Multiple investigations & lawsuits by both private counsel and Attorneys General have been filed against EDMC. The basis of the allegations and lawsuits include: Whistleblowing, fraud, negligent misrepresentation, breach of contract and FDUTPA violations.

A former admissions director is now involved in a whistleblower lawsuit confirming many of the allegations against EDMC and its subsidiary schools.

Attorney Rick Kriseman of New Port Richey Florida based Lucas, Green, & Magazine is currently representing numerous plaintiffs around the country for complaints against EDMC and its subsidiary educational institutions. Common allegations around the country involving the Art Institute include:

Students being told their credits were transferrable Schools deceptively boasting of 90-100% job placement Cost of Education not being disclosed to students Loan Stipulations were not disclosed to students

Some students were enrolled in degree programs they did not choose Some students were unknowingly switched from full-time to part-time status, enabling EDMC to receive more funding.

Allegation involving the Argosy University Tampa’s Psy-D program include:

Significant increases in student enrollment in the Psy-D program despite nationwide limitations in available internships

Arbitrary and capricious failure of students

Billing discrepancies

According to a sworn statement from a former Professor, Argosy Tampa intentionally failed students so as to free up limited internship slots. Allegations involving the Seattle

Washington based Argosy University’s

Psych-D program include the following: Students were promised the Psy-D program would obtain APA accreditation

Significant increases in student enrollment in the Psy-D program despite nationwide limitations in available internships

Arbitrary and capricious failure of students

Allegations involving South University include:

Lowering of admissions standards in order to increase revenues (according to a former student recruiter)

Failure to disclose to students that some on-line clinic courses would not be accepted by other institutions

Recruiters instructed to redirect potential students’ questions and to encourage students to cheat on admissions test

Allegations involving Brown Mackie College include:

Educational program credits that were not transferable

Programs that were not accredited

Kriseman states “With many students finding themselves with huge debt and either no degree or a degree which is virtually worthless, it is critical that these for profit schools who are taking advantage of these students at a time when they are most vulnerable be held accountable for their actions."


Additional Resources

http:///zidanmarketing.com/blog http://triblive.com/home/1837526-74/company-edmc-lawsuit-student-based-education-money-practices-stock-suit#axzz26AQhIlwA

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