The class action against Vienna, Va.-based Envision EMI, which organized the conferences, alleged the company did not live up to its promises, including access to witness the inauguration of President Barack Obama and tickets to an inaugural ball. The case alleged breach of contract and negligent misrepresentation, among other claims.

The agreement in Radosti v. Envision EMI LLC, approved by Judge Colleen Kollar-Kotelly of the U.S. District Court for the District of Columbia, provides class members with two $625 transferable vouchers for tuition at future Envision programs. The settlement also requires Envision to set up a scholarship fund if less than $8 million worth of vouchers are claimed.