Word: antitrusters
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Lawyers for both the government and MIT gave their closing arguments before a U.S. District Judge in Philadelphia yesterday, the tenth day of the MIT antitrust trial...
...antitrust trial in Philadelphia last week, witnesses for the defense testified to the importance of working with other colleges to determine financial aid awards in order to preserve the socioeconomic diversity of student bodies...
...government rested its case last Tuesday, charging that MIT had violated antitrust regulations at the so-called overlap meeting with the eight schools of the Ivy League by mutually determining financial aid awards to students, thus fixing tuition prices...
...disclosure comes in the wake of news reports that MIT and the Ivy League schools secretly shared information about tuition, salary and budget figures, possibly in violation of federal antitrust laws...
While not admitting any wrongdoing, the eightIvy League universities agreed last March to stopsharing student financial aid information, as wellas tuition and salary figures. The settlement wasthe result of a two year antitrust probe by theJustice Department...