Class Action Filed Against Bloom Institute of Technology for Allegedly Operating Without Proper Licenses

Cotchett, Pitre & McCarthy filed a lawsuit in San Francisco Superior Court against Bloom Institute of Technology, formerly Lambda School, for allegedly operating with the proper licenses and duping at least four students into signing away their future earnings.  The lawsuit also names company founder and CEO Austen Allred as a defendant, alleging he misled students about job placement rates while the company acted as an unlicensed student lender.