Henry, et al. v. Brown University, et al. Brown, Chicago, Columbia, Dartmouth, Duke, Emory, Northwestern, Rice, Vanderbilt, and Yale Settlements

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2024-03-29 23:00:04

Certain current and former financial aid recipients brought a proposed class action lawsuit in January 2022 against Brown University, California Institute of Technology, University of Chicago, Columbia University, Cornell University, Dartmouth College, Duke University, Emory University, Georgetown University, Johns Hopkins University, Massachusetts Institute of Technology, Northwestern University, University of Notre Dame, University of Pennsylvania, William Marsh Rice University, Vanderbilt University, and Yale University (the “Defendants” or “Universities”).

The lawsuit alleges that the Universities conspired in violation of the federal antitrust laws regarding principles, formulas, and methods of determining financial aid. The Action also alleges that as a result, the Universities provided less financial aid than they would have provided had there been full and fair competition. The Universities have alleged that Plaintiffs’ claims lack merit; that the Universities’ financial aid policies were legal and pro-competitive, and financial aid awards were not artificially reduced; that the Universities have valid defenses to Plaintiffs’ allegations; and that Plaintiffs’ claims would have been rejected prior to trial, at trial, or on appeal.

Plaintiffs have reached settlement agreements (“Settlements”) with Brown University (“Brown”), University of Chicago (“Chicago”), the Trustees of Columbia University (“Columbia”), Trustees of Dartmouth College ("Dartmouth"), Duke University (“Duke”), Emory University (“Emory”), Northwestern University ("Northwestern"), William Marsh Rice University ("Rice"), and Vanderbilt University ("Vanderbilt"), Yale University (“Yale”). As part of the Settlements:

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