Dive Brief:

• A San Francisco Superior Court judge has declined to issue a temporary restraining order requiring Corinthian Colleges Inc. to disclose its financial instability when advertising to prospective students.
• The judge denied California Attorney General Kamala Harris’ request on Friday and scheduled an Aug. 23 hearing on the matter.
• Despite Corinthian’s plans to shut down or sell off all of its schools within six months, the company continues to advertise to prospective students in a "false and misleading" way, Harris said.

Dive Insight:

Harris’ office said: "Corinthian’s students are entitled to the same information Corinthian shares with its Wall Street investors." Considering that most Wall Street investors are getting their information through the news media, the students are already getting the same information. Not that that excuses Corinthian for its ads. Among the advertising messages drawing the attorney general's ire: Corinthian continues to claim its schools will offer "lifetime career services assistance" and that the schools represent a "solid investment in your child's future."