September 30, 2005

Judge Throws Out ITT Shareholder Suit

By GOLDIE BLUMENSTYK

A federal judge has dismissed a major shareholder lawsuit filed against ITT Educational Services and 10 of its current and former board members and executives, the for-profit higher-education company announced this month.

The plaintiffs have until October 14 to file an amended complaint that could allow the lawsuit to be revived, unless it too is successfully challenged by ITT.

The plaintiffs are current and former shareholders who had accused ITT of manipulating enrollment and

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