A group of California public school students, backed by a Silicon Valley entrepreneur and a lawyer who defended companies such as Wal-Mart Stores Inc. and Apple Inc., are asking a judge to void state laws that they say let incompetent teachers keep their jobs.
The Obama administration approved regulations restricting incentive-based sales practices at for- profit colleges. The release of a draft in June slowed enrollment growth at Apollo Group Inc. ’s University of Phoenix.
For-profit colleges that pay recruiters on the basis of the number of students they sign up may lose access to U.S. government student aid, which provided the colleges with $26.5 billion last year and can account for as much as 90 percent of company revenue.
Richard Holwell, the Manhattan federal judge overseeing the trial of Raj Rajaratnam, is a former corporate lawyer who condemned insider trading in two recent cases he has handled during his eight years on the bench.
The Obama administration released a proposal that would tighten for-profit colleges’ access to federal student aid , threatening growth in the industry that received $26.5 billion in U.S. funds last year.