The University of Southern California’s education school was sued Tuesday by former students who claim that officials violated state law by falsely advertising the graduate program’s high online degree ranking, which was based in part on fraudulent data submitted to US News & World Report’s college rating list.
The class-action lawsuit, filed in Los Angeles Superior Court, alleges that USC and 2U Inc., a technology company hired by the university to
Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU – Get Rating) gapped up before the market opened on Thursday . The stock had previously closed at $29.22, but opened at $30.68. New Oriental Education & Technology Group shares last traded at $31.89, with a volume of 28,245 shares changing hands.
EDU has been the topic of several analyst reports. The Street lowered shares of New Oriental Education & Technology Group from a “c-” rating to a “d” rating in a research report on Monday, November 21st. StockNews.com began coverage on shares of New Oriental Education
