Monday, December 24, 2018
Following up on my previous posts (links below): Poets & Quants, Temple Fox Reaches $5.5 Milion Settlement Over Rankings Scandal:
After a rankings scandal that has severely impacted the reputation of Temple University’s Fox School of Business, the university today (Dec. 21) said it has agreed to pay students of its MBA and other business programs nearly $5.5 million in a settlement of a class action suit. The scandal cost Dean M. Moshe Porat, who led the school for 22 years, his job and forced the school to withdraw from a number of rankings.
Temple said that $4 million has been set aside to settle the claims from online MBA students, while another $1,475,000 will be used to settle the claims of students in its Executive MBA, Global MBA, part-time MBA and master’s degrees in human resources management and digital innovation in marketing. Undergraduate students in the school’s business programs also will receive settlements out of this latter bucket.
The school also agreed to create a $5,000 ethics scholarship for a student with a demonstrated interest in the study of ethics in business who is enrolled in any of the programs that are part of the settlement. ...
Temple released the news near the end of a work week on a Friday at 4:40 p.m. EST right before the Christmas holiday.
Prior TaxProf Blog posts: