HotChalk alleged Concordia and its parent organization, the Lutheran Church-Missouri Synod, fraudulently transferred assets to avoid paying off debts.
PORTLAND, Ore. — This story comes from the Portland Business Journal, a KGW News partner. The full story is here.
Portland’s defunct Concordia University has settled a $302 million lawsuit filed against it by its former recruiting contractor.
According to The Oregonian, the school, which closed in 2020, reached a binding settlement agreement with HotChalk, a California-based company that helped Concordia recruit online graduate students in education, last week. The two had been working together since 2009, and the case was set to go to trial
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