The AJC reports Emory University agreed to pay $18.5 million to resolve its part in a 2022 federal antitrust lawsuit, according to a preliminary settlement that awaits final court approval. Emory is among 17 highly ranked, private universities sued on behalf of students who allege the schools “conspired to reduce the amount of financial aid they provide to admitted students,” according to the initial complaint.
According to legal filings, eligible students who enrolled at the 17 defendant schools could receive an average cash payment of about $750 from the settlement fund.