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Effective URL: https://www.financialaidantitrustsettlement.com/
Submission: On October 02 via api from US — Scanned from US
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HENRY, ET AL. V. BROWN UNIVERSITY, ET AL. BROWN, CHICAGO, COLUMBIA, DARTMOUTH, DUKE, EMORY, NORTHWESTERN, RICE, VANDERBILT, AND YALE SETTLEMENTS CASE NO.: 1:22-CV-00125 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION MENU Submit Claim * Home * Submit Claim * Important Documents * FAQs * Contact UPDATE – September 13, 2024: Claim Forms are now available. You can submit a Claim Form online via the Submit Claim page on this website, or download a printable copy of the Claim Form on the Important Documents page and mail it to the Claims Administrator at the address provided on the Contact page. All Claim Forms must be submitted online or postmarked by December 17, 2024. SETTLEMENTS TOTALING $284 MILLION FROM TEN OUT OF THE SEVENTEEN DEFENDANTS IN THE CASE WILL PROVIDE PAYMENTS TO STUDENTS WHO RECEIVED NEED-BASED FINANCIAL AID TO COVER SOME BUT NOT ALL COSTS (TUITION, FEES, ROOM, AND BOARD) TO ATTEND BROWN UNIVERSITY, CALIFORNIA INSTITUTE OF TECHNOLOGY, UNIVERSITY OF CHICAGO, COLUMBIA UNIVERSITY, CORNELL UNIVERSITY, DARTMOUTH COLLEGE, DUKE UNIVERSITY, EMORY UNIVERSITY, GEORGETOWN UNIVERSITY, JOHNS HOPKINS UNIVERSITY, MASSACHUSETTS INSTITUTE OF TECHNOLOGY, NORTHWESTERN UNIVERSITY, UNIVERSITY OF NOTRE DAME, UNIVERSITY OF PENNSYLVANIA, WILLIAM MARSH RICE UNIVERSITY, VANDERBILT UNIVERSITY, OR YALE UNIVERSITY. -------------------------------------------------------------------------------- IMPORTANT DATES MAY 13, 2024 Deadline to Exclude yourself from these Settlements MAY 13, 2024 Deadline to Object or Comment on these Settlements JULY 19, 2024 1:00 PM CT Final Approval Hearing DECEMBER 17, 2024 Deadline to Submit a Claim Certain current and former financial aid recipients brought a proposed class action lawsuit in January 2022 against Brown University, California Institute of Technology, University of Chicago, Columbia University, Cornell University, Dartmouth College, Duke University, Emory University, Georgetown University, Johns Hopkins University, Massachusetts Institute of Technology, Northwestern University, University of Notre Dame, University of Pennsylvania, William Marsh Rice University, Vanderbilt University, and Yale University (the “Defendants” or “Universities”). The lawsuit alleges that the Universities conspired in violation of the federal antitrust laws regarding principles, formulas, and methods of determining financial aid. The Action also alleges that as a result, the Universities provided less financial aid than they would have provided had there been full and fair competition. The Universities have alleged that Plaintiffs’ claims lack merit; that the Universities’ financial aid policies were legal and pro-competitive, and financial aid awards were not artificially reduced; that the Universities have valid defenses to Plaintiffs’ allegations; and that Plaintiffs’ claims would have been rejected prior to trial, at trial, or on appeal. Plaintiffs have reached settlement agreements (“Settlements”) with Brown University (“Brown”), University of Chicago (“Chicago”), the Trustees of Columbia University (“Columbia”), Trustees of Dartmouth College ("Dartmouth"), Duke University (“Duke”), Emory University (“Emory”), Northwestern University ("Northwestern"), William Marsh Rice University ("Rice"), and Vanderbilt University ("Vanderbilt"), Yale University (“Yale”). As part of the Settlements: * Chicago has agreed to make a settlement payment of $13.5 million. * Emory has agreed to make a settlement payment of $18.5 million. * Yale has agreed to make a settlement payment of $18.5 million. * Brown has agreed to make a settlement payment of $19.5 million. * Columbia has agreed to make a settlement payment of $24 million. * Duke has agreed to make a settlement payment of $24 million. * Dartmouth has agreed to make a settlement payment of $33.75 million. * Rice has agreed to make a settlement payment of $33.75 million. * Northwestern has agreed to make a settlement payment of $43.5 million. * Vanderbilt has agreed to make a settlement payment of $55 million. Upon approval by the Court, Settling Defendants will provide payments to the following class of current and former students ("Settlement Class"): 1. All U.S. citizens or permanent residents who have during the Class Period (a) enrolled in one or more of Defendants’ full-time undergraduate programs, (b) who received at least some need-based financial aid from one or more Defendants, and (c) whose tuition, fees, room, or board to attend one or more of Defendants’ full-time undergraduate programs was not fully covered by the combination of any types of financial aid or merit aid (not including loans) in any undergraduate year.[1] The Class Period is defined as follows: 1. For Chicago, Columbia, Cornell, Duke, Georgetown, MIT, Northwestern, Notre, Rice, Vanderbilt, Yale – from Fall Term 2003 through the date the Court enters an order preliminarily approving the Settlement. 2. For Brown, Dartmouth Emory – from Fall Term 2004 through the date the Court enters an order preliminarily approving the Settlements. 3. For Caltech – from Fall Term 2019 through the date the Court enters an order preliminarily approving the Settlement. 4. For Johns Hopkins – from Fall Term 2021 through the date the Court enters an order preliminarily approving the Settlement. 2. Excluded from the Class are: 1. Any Officers[2] and/or Trustees of Defendants, or any current or former employees holding any of the following positions: Assistant or Associate Vice Presidents or Vice Provosts, Executive Directors, or Directors of Defendants’ Financial Aid and Admissions Offices, or any Deans or Vice Deans, or any employees in Defendants’ in-house legal offices; and 2. the Judge presiding over this action, his or her law clerks, spouse, and any person within the third degree of relationship living in the Judge’s household and the spouse of such a person. The Plaintiffs have asked the Court to approve as lawyers for this Settlement Class the following: Edward J. Normand Freedman Normand Friedland LLP 99 Park Avenue Suite 1910 New York, NY 10016 Telephone: 1-646-970-7513 tnormand@fnf.law Robert D. Gilbert Gilbert Litigators & Counselors, P.C. 11 Broadway, Suite 615 New York, NY 10004 Telephone: 1-646-448-5269 rgilbert@gilbertlitigators.com Eric L. Cramer Berger Montague PC 1818 Market Street, Suite 3600 Philadelphia, PA 19106 Telephone: 1-215-875-3000 ecramer@bm.net Payments for claims will vary depending on a number of factors, including the net price of the university a claimant attended, the dates of attendance, and the number of claims filed. Assuming that about half of the estimated 200,000 Class members submit timely claims, the average claimant will receive about $2,000 from these Settlements. Because the Plaintiffs allege an antitrust conspiracy, the amount of money any member of the Settlement Class receives is not directly related to the amount of money that the institution that person attended paid to settle. Because the Plaintiffs allege an antitrust conspiracy where Plaintiffs allege that Defendants would be joint and severally liable, the amount of money any member of the Settlement Class receives is not directly related to the amount of money that the institution that person attended paid in settlement. The parties have agreed to ask the Court that any funds remaining after an initial distribution to the Settlement Class that are unable to be efficiently distributed to the Settlement Class be given, with the Court’s approval, to charitable causes that promote access to higher education for disadvantaged students and families. -------------------------------------------------------------------------------- [1] For avoidance of doubt, the Class does not include those for whom the total cost of attendance, including tuition, fees, room, and board for each undergraduate academic year, was covered by any form of financial or merit aid (not including loans) from one or more Defendants. [2] For the avoidance of doubt, the Columbia University “Officers” excluded from the Class are members of the Senior Administration of Columbia University, and do not include exempt employees of Columbia University who are referred to as officers. Copyright © 2022| Privacy Policy