This will certainly force some fact disclosure that will likely not paint the institution favorably. I would predict that as “those responsible” are defined and revealed some heads may roll as the school seeks to distance itself from what is evolving into a scandal.
Ultimately I would ask our resident legal experts such as @roycroftmom how do plaintiffs prove damages in a case like this? Do they have to prove a financial loss or can they just assert they were “defrauded”?