PORTLAND, Ore. — This story comes from the Portland Business Journal, a KGW News partner. The full story is here.

Portland's defunct Concordia University has settled a $302 million lawsuit filed against it by its former recruiting contractor.

According to The Oregonian , the school, which closed in 2020, reached a binding settlement agreement with HotChalk, a California-based company that helped Concordia recruit online graduate students in education, last week. The two had been working together since 2009, and the case was set to go to trial this week.

HotChalk alleged Concordia and its parent organization, the Lutheran Church-Missouri Synod, fraudulently transferred assets to avoid paying off debts. The 2020 lawsuit came months after the university abruptly announced it woul

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