FTC sues DeVry, alleging school deceived students about job prospects

The U.S. Federal Trade Commission filed a lawsuit against DeVry University, run by DeVry Education Group Inc, on Wednesday alleging the company deceived students about the prospect that they would find work. Share of DeVry were down 17.43 percent at $19.60 following the announcement of the FTC lawsuit around midday on Wednesday. The U.S. Department of Education, which has been cracking down on for-profit schools, said on Wednesday it had ordered DeVry to stop making certain claims about its graduates' employment.

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FTC sues DeVry, alleging school deceived students about job prospects