In an interesting stroke of "justice," it appears that Charlotte School of Law is reaching a settlement with its former students:
The school and student plaintiffs on Tuesday asked a federal judge in North Carolina to preliminarily approve the class and the settlement, saying it was the best deal the students could hope to achieve given the dire financial circumstances of the shuttered school and its parent company, InfiLaw Corp. Judge Graham Mullen of the U.S. District Court for the Western District of North Carolina granted preliminary approval Wednesday.
Should it move forward, the class-action settlement would end four federal suits and 90 state court suits targeting the school.
Charlotte School of Law ran a net $8 million deficit in 2017, the year it closed, according to the settlement motion. InfiLaw lost more than $7 million in 2017 and $6 million through June 2018, the motion said. The settlement consists of the $2.5 million left from the school’s insurance policy, as well as an additional $150,000 directly from InfiLaw.
As it should be. Anyone who honestly thought InfiLaw and its affiliated schools were anything but a cynical cash grab should have their heads and consciences examined. This is at least a pyrrhic victory for these students, compared to prior suits against schools where the student plaintiffs were essentially told they were "sophisticated consumers" and "should have known" the Law School Cartel was peddling pipe dreams. Better to settle rather than have "bad law" on the books showing that the student-loan conduits might have an actual case, at least from the Cartel perspective.
This from the school that blamed its own students and told them that "It is on with these f***ing morther****ers" to pass the bar, dammit, while the dean continued to obfuscate and misdirect. These paragons of legal virtue certainly deserve what they have coming.
Hopefully these payments, while not making students whole by any means, doesn't interfere with getting a student loan discharge from the DOL given that the school is closing. Make sure you read the fine print, and run away now. Go pursue something that is actually worth your time and effort.