The 45-page complaint reads like an indictment on the issue of student loans versus available law jobs in this protracted economic downturn. The complaint alleges that Cooley intentionally uses false statistics (i.e. graduate employment rates and graduates' salaries) to lure and retain prospective law students .
The New York law firm handling the heavy lifting in the suit, Kurzon Strauss, is also suing the New York Law School on nearly identical grounds, but in state court. Each suit seeks hundreds of millions in tuition refunds from the respective law schools.
Last month, Kurzon Strauss was on the receiving end of a law suit filed by Cooley, alleging defamation. The firm had been trolling around Craigslist and Facebook soliciting candidates for its class action suit. Understandably, Cooley wanted to get the drop on the firm and steal the negative publicity thunder such a suit would generate. Always the publicity gurus over there at Cooley.
Cooley will probably use the same law firm on defense as they do on offense; Miller Canfield. One way or another, this litigation will siphon-off some of Cooley's rich profits as they continue to tap deeply into the American Dream, lawyer-style.
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