INDIANAPOLIS (AP) — The former CEO of the parent company of for-profit ITT Technical Institute has agreed to pay $200,000 to settle a lawsuit accusing the company's management of hiding from investors the now-defunct firm's rapidly eroding financial condition. Kevin Modany also accepted a five-year ban from serving as an executive of a public company to settle the Securities and Exchange Commission lawsuit against ITT Educational Services Inc.Read more on NewsOK.com