Declaring class-action status for the lawsuit raises the financial and judicial stakes considerably, since more individual plaintiffs can now join, creating greater potential liability for the company being sued.
The school filed a countersuit alleging that Makaeff's claims were defamatory and sought dismissal of her lawsuit that seeks class-action status on behalf of thousands of students.
Its distressed sale block status came on the heels of a lawsuit filed by the singer alleging leaky construction has resulted in extensive water damage.