“Minnesota Attorney General Keith Ellison announced today that $23.6 million in debt relief has now finally been approved for former students of Minnesota School of Business (MSB) and Globe University (Globe) and that $15.8 million in additional cash restitution will begin to be distributed, as early as today. This relief is the result of an agreement that fully resolves the State’s lawsuit against MSB and Globe and proceedings in federal bankruptcy court. The agreement, first reached in March, has now been approved by a bankruptcy court and confirmed by all parties, finally resolving the hotly contested case. The Attorney General’s office first sued MSB and Globe, alleging consumer fraud and illegal lending practices, in 2014.”
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