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News Breaks | | | | January 2, 2013 | | 09:04 EDT |  | BPI | Bridgepoint Education says DOJ declines to intervene in 'qui tam' complaint
Bridgepoint Education (BPI) disclosed in a regulatory filing after the close on Monday that the United States Department of Justice has declined to intervene in a previously disclosed "qui tam" complaint unsealed on December 26. A qui tam action is a lawsuit brought by a private citizen, or "whistle blower," on behalf of the government against a company believed to have violated the law in the performance of a government contract or in violation of a government regulation. The qui tam complaint against Bridgepoint alleges, among other things, that since March 10, 2005, Bridgepoint has caused its institutions, Ashford University and University of the Rockies, to violate the Federal False Claims Act by falsely certifying to the U.S. Department of Education that the institutions were in compliance with various regulations that require compliance with federal rules regarding the payment of incentive compensation to enrollment personnel in connection with the institutions' participation in student financial aid programs. The company stated, "We are currently evaluating the complaint and intend to vigorously defend against the allegations set forth in the complaint once it is served." | |
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News For BPI From The Last 14 Days Check below for free stories on BPI the last two weeks. |
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| May 24, 2013 | | 10:22 EDT |  | BPI | Boehner defends student loan bill, White House threatens veto, Politico says
GOP House Speaker John Boehner defended the student loan legislation that the House passed yesterday, according to Politico. The bill would tie student loan rates to Treasury note rates, and would cause an increase of less than two percentage points in student loan rates this year, the website stated. The White House has threatened to veto the bill, as it believes that the legislation would cause rates to jump when the economy improves, Politico stated. Student loan interest rates will double on July 1 if Congress doesn't take action. | | | May 21, 2013 | | 07:21 EDT |  | BPI | BofA/Merrill to host a conference
2013 Services One-on-One Conference is being held in New York on May 21-22. | |
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