AG declines to sue over college closing
BOSTON (AP) — Massachusetts Attorney General Maura Healey says she will not sue top officials of a college that abruptly shut its doors last spring.
Healey’s office said Wednesday while Mount Ida College officials’ actions raised “serious questions,” pursuing litigation would be “costly, time-consuming and of limited public benefit.”
Mount Ida trustees say they were “gratified” with the decision and maintain there were no violations of law.
The college announced in April it would close over mounting debt and a failed merger with Lasell College.
The Newton campus was bought by the University of Massachusetts Amherst.
Students have sued the school and former administrators, saying officials deliberately misled them about the severity of its problems.
State higher education officials are working on new regulations to keep an eye on private colleges’ finances.