Oregon officials sue company that owns University of Phoenix

From The Portland Oregonian: Oregon officials are suing Apollo Group Inc. of Arizona, parent company of the University of Phoenix, contending that the company engaged in securities fraud that cost the Oregon Public Employee Retirement Fund $10 million. Oregon Treasurer Ted Wheeler and Attorney General John Kroger also allege the for-profit college improperly canceled federal loans to students, sticking them with the bill for classes they didn't take.