University of Chicago Countersues Over Withdrawn $100M Gift - Higher Education
Higher Education News and Jobs

University of Chicago Countersues Over Withdrawn $100M Gift

by Associated Press

CHICAGO — The University of Chicago is countersuing a benefactor that pledged a $100-million donation but wants to void the commitment.

The Thomas L. Pearson and The Pearson Family Foundation has asked a federal court in Oklahoma to void the deal and recoup the nearly $23 million already given to the university to establish The Pearson Institute for the Study and Resolution of Global Conflicts.

The foundation claims the university failed to live up to its promises.

The Chicago Tribune reports that the university made court filings last week to dismiss the lawsuit, arguing the Pearsons can’t prove the university violated any specific grant agreement obligations.

The university also filed a countersuit against the Pearsons for failing to pay the latest donation installment.

RELATED ARTICLES >>
SAT, ACT Not Mandatory for University of Chicago Applicants CHICAGO — Scores from the SAT or ACT will be optional for students applying to the University of Chicago. The prestigious and highly selective school says some students may feel that the standardized test results don’t fully reflect their poten...
PETA Lawsuit Says Texas University Hid Facebook Comments AUSTIN, Texas — An animal rights group is accusing Texas' largest university of hiding Facebook comments in a First Amendment lawsuit. The People for the Ethical Treatment of Animals claims in the lawsuit filed Monday that Texas A&M Univer...
Fired Administrator Names NCCU Chancellor in Whistleblower Suit A former vice chancellor at North Carolina Central University (NCCU) listed Chancellor Johnson O. Akinleye and two University of North Carolina Board of Governors members in a whistleblower lawsuit filed against NCCU last week. The filing came two...
University of Louisville Sues Former President James Ramsey LOUISVILLE, Ky. — The University of Louisville sued its former president on Wednesday, claiming he and others conspired to divert millions of dollars from the school's investment arm in a long-running scheme. The lawsuit seeks to recover millions ...
Semantic Tags: