What Happened to the FLDOE’s Investigation of K12 Inc?
What Will Happen to FLDOE Investigation of K12 IncWhen Tony Bennett Arrives? | Scathing Purple Musings |
A top financial backer of Jeb Bush’s Foundation for Excellence in Education, K12 Inc got into hot water with investors for inflating their claims about student success. Earlier this month, the corporation settled with share-holders. From Sean Cavanagh in Education Week:
The for-profit education provider K12 Inc. has reached a tentative settlement in a class-action securities lawsuit brought by investors who said they were misled by the company’s business practices and academic performance.
The online schools provider has agreed to pay $6.75 million to plaintiffs who have brought the suit, while company officials said they also continue to deny any claims of wrongdoing.
The agreement will settle allegations related to K12′s disclosure of student retention and