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If it's been established that there was fraud, I'd think that they would have claims. If Career Education has any capital left, there's potential for a class ac
by mirimir 8y ago
If it's been established that there was fraud, I'd think that they would have claims. If Career Education has any capital left, there's potential for a class action. And if I remember correctly, plaintiffs can demand treble damages.
- vinceguidry 8y ago> If Career Education has any capital left, there's potential for a class action. I'm guessing there isn't any capital left.
- leereeves 8y agoIs it possible to sue the executives and investors? Morally it seems appropriate. Execs who participated in or knew about and didn't report fraud sound like accomplices, and investors who received the proceeds of criminal activity shouldn't be able to keep those proceeds.
- vinceguidry 8y agoPiercing the veil is deliberately kept difficult by the justice system. You need concrete proof, which is easily destroyed.