University of Chicago Settles Antitrust Case Against Top Schools

The University of Chicago will settle antitrust claims over an alleged scheme by elite colleges to collude on student admission policies, becoming the first school to reach a deal out of more than a dozen targeted by the lawsuit.

The terms of the proposed class action settlement weren’t immediately available Thursday, but a letter filed to the case docket late Wednesday indicated the former students leading the lawsuit would soon disclose the full agreement and seek court approval for it.

A university spokesperson acknowledged the settlement in principle Thursday, telling Bloomberg Law in a statement that details “will be provided ...