The class action lawsuit filed against the defunct Trump U alleges, among other ignominious charges, “financial elder abuse.” Controversy surrounding the for-profit “university” enterprise came to a head after the presiding judge ruled for the release of sensitive documents to the public. In them, former employees described ruthless sales tactics the university would use to convince vulnerable sections of the population to sign up for expensive classes with, allegedly, no real educational value. The company claimed to teach students Trump’s strategies for success, and instructors were purportedly “hand-picked” by Trump to teach the students the key to successful investing.
Theranos, a company once hailed as a revolution in modern medicine, has been hit with several class action lawsuits in the past week. The company claimed that state of the art machine named “Edison” would change the world by radically reducing the time and amount of blood necessary for blood tests. Far from the promised game changing innovation however, the lawsuits allege that the company engaged in false advertising and failed to follow proper medical lab procedure, possibly exposing consumers to inaccurate lab results.