Parent sues George Washington University over tuition, says online classes not as valuable

WASHINGTON POST

The parent of a George Washington University student is suing the school, claiming the closure of campus has disrupted his daughter’s education to the point that he should be reimbursed for tuition, room and board, and other expenses.

“Millions of parents of college students are facing major setbacks, including unemployment, and now they’re stuck having paid tens of thousands of dollars for a semester that has essentially been canceled due to mandated shutdowns and shelter-in-place orders,” said Steve Berman, the attorney representing students in the class-action suit against George Washington. read more »

SEC Puts the Kibosh on 3 Biotech Stocks Hawking a Miracle Anti-Coronavirus Drug

YAHOO FINANCE

Since early February, the U.S. Securities and Exchange Commission has issued a series of warnings to investors to beware of companies hawking miracle cures to the disease known as COVID-19.

So far, the SEC has felt compelled to halt trading in the shares of no fewer than 29 separate publicly-traded companies that are suspected of having made false or misleading statements about the efficacy of cures they're supposedly working on. read more »

Samsung Heir Apologizes for Corruption and Union-Busting Scandals

NEW YORK TIMES

Lee Jae-yong said he would be the last of his family members to lead the South Korean corporate empire.

The de facto head of Samsung, Lee Jae-yong, apologized on Wednesday for the corruption and union-busting scandals that have bedeviled his conglomerate, declaring that he will be the last of his family members to lead the South Korean corporate empire.

“Samsung has not strictly complied with laws and ethics,” Mr. Lee said with a bow during the news conference held at a Samsung headquarters in Seoul. read more »