Judge Halts Regulators Suits Against ITT - Diverse Military


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Judge Halts Regulators Suits Against ITT



by Peg Brickley

A bankruptcy judge on Wednesday temporarily barred regulators from continuing litigation against ITT Educational Services Inc., questioning whether there is any point in calling the defunct school operator to account for alleged fraud.

“If you want to punish and deter ITT, you ought to be bringing criminal actions,” Judge James Carr said during a hearing in U.S. Bankruptcy Court in Indianapolis.

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