The Federal Trade Commission's lawsuit suggests as many as 300,000 students were defrauded. The FTC's chairwoman said the figure is much smaller.
The Federal Trade Commission may be ready to get tough with America's for-profit colleges. That makes sense. The business model of many for-profit colleges is built on deception -- if students actually had all the relevant information, they wouldn't enroll.
Patent privateering changes the dimensions and threat of patent litigation. In the patent ecosystem, firms may be reluctant to sue or may reach efficient accommodations with other firms that possess IP because of the threat of countersuit -- which could lead to mutually assured destruction.
(Reporting By Diane Bartz and Mark Felsenthal; editing by Ros Krasny, Stacey Joyce and Philip Barbara) Ramirez, who graduated